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California Insurance Code

§ 1220

INS § 1220Div. 1 · Part 2 · Ch. 2 · Art. 5

Statute text

View on leginfo.ca.gov
Domestic incorporated life insurers may also invest any funds in loans upon any of their own policies in an amount not exceeding the reserve against such policy at the time the loan is made, but policy loans shall not be deposited with the commissioner under Article 2, Chapter 5, Part 2, Division 2.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 1220 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.