Section 11440 Of Article 2. Capital Adjustments From California Insurance Code >> Division 2. >> Part 2. >> Chapter 11. >> Article 2.

. Any insurer so reorganized shall have assets representing a paid-in capital represented by shares of stock apart from any assets described in Section 11441. At least two hundred thousand dollars ($200,000) of that capital shall be paid up before the insurer issues any policies on the reserve plan.