Section 10510 Of Article 1. Capital From California Insurance Code >> Division 2. >> Part 2. >> Chapter 6. >> Article 1.

. An incorporated life insurer issuing policies on the reserve basis shall not transact life insurance in this state unless it has a paid-in capital of at least two million two hundred fifty thousand dollars ($2,250,000) plus the surplus required by Section 700.02 and Section 700.05.