California Insurance Code 12755 – A home protection company shall be deemed insolvent whenever its net …
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A home protection company shall be deemed insolvent whenever its net worth is reduced below 50 percent of the amount required by Section 12750.
(Added by Stats. 1981, Ch. 820, Sec. 8.)
Terms Used In California Insurance Code 12755
- Home protection company: means any person licensed pursuant to this part which issues home protection contracts. See California Insurance Code 12740