California Insurance Code

§ 1251

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

INS § 1251Div. 1 · Part 2 · Ch. 2 · Art. 7

Statute text

View on leginfo.ca.gov

A stock, bond or other evidence of debt if in default as to principal or interest, or if not amply secured, shall not be valued as an asset of the insurer above its market value.

Legislative history

Enacted by Stats. 1935, Ch. 145.