California § 1311 - A reciprocal or interinsurance exchange may engage in the surety insurance busine
Full text of California Public Contract Code - PCC § 1311 — A reciprocal or interinsurance exchange may engage in the surety insurance busine, with citation guidance and answers to common questions.
§ 1311. A reciprocal or interinsurance exchange may engage in the surety insurance busine
A reciprocal or interinsurance exchange may engage in the surety insurance business in this state only provided its surplus is at least twice the amount required as paid-in capital of an incorporated insurer writing the same classes of insurance by the provisions of Section 700.01. Paid-in capital as used in this section shall not include any of the surplus amounts required of incorporated insurers by the provisions of Sections 700.02, 700.03 and 700.05 of this code. Any such reciprocal or interinsurance exchange shall be subject to such of the provisions of Chapter 1, except Sections 12050, 12051, and 12052, Part 4, Division 2, as can be made applicable to the nature of a reciprocal or interinsurance exchange.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1311
What does Public Contract Code - PCC § 1311 cover?
Section 1311 ("A reciprocal or interinsurance exchange may engage in the surety insurance busine") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1311?
A common citation format is "Public Contract Code - PCC § 1311" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1311 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.