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California Insurance Code

§ 1370

INS § 1370Div. 1 · Part 2 · Ch. 3 · Art. 5

Statute text

View on leginfo.ca.gov
Every exchange shall maintain its required assets in any one, or more, or all of the following forms:
(a)In cash or deposits in solvent banks.
(b)Invested in securities of the kind designated for the investment of assets of incorporated insurers having a capital stock by the laws of the state where the principal office is located.
…

Legislative history

Amended by Stats. 1985, Ch. 106, Sec. 94.

Source: California Insurance Code § 1370 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.