California § 4070 - Such an insurer is insolvent if its surplus becomes less than the amount of paid-
Full text of California Public Contract Code - PCC § 4070 — Such an insurer is insolvent if its surplus becomes less than the amount of paid-, with citation guidance and answers to common questions.
§ 4070. Such an insurer is insolvent if its surplus becomes less than the amount of paid-
Such an insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to transact the same classes of insurance.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 4070
What does Public Contract Code - PCC § 4070 cover?
Section 4070 ("Such an insurer is insolvent if its surplus becomes less than the amount of paid-") 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 § 4070?
A common citation format is "Public Contract Code - PCC § 4070" (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 § 4070 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.