California Insurance Code

§ 1583

INS § 1583Div. 1 · Part 2 · Ch. 4 · Art. 2

Statute text

The deposit required by Section 1581

(a)Shall be continuously maintained so long as any obligation arising out of any insurance transacted by such alien insurer in the United States remains in existence for any purpose whatever;

(b)Shall consist of securities authorized for investment of the assets of domestic incorporated insurers;

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Legislative history

Repealed and added by Stats. 1941, Ch. 51.