Section 1402.

Cal. Insurance Code - INS § 1402.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
All funds of such exchange and the proceeds of the contingent liability of its subscribers shall be available for the payment of any liability of the exchange.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements