California Insurance Code

§ 1194.95

INS § 1194.95Div. 1 · Part 2 · Ch. 2 · Art. 4

Statute text

Excess funds investments may be made in an electronic computer or data processing machine or system to be used in connection with the business of the insurer; provided, however, that this machine or system shall have an original cost of at least two hundred fifty thousand dollars ($250,000) and shall be amortized in full over a period not to exceed four full calendar years.

Legislative history

Amended by Stats. 1991, Ch. 539, Sec. 18.