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California Insurance Code

§ 953

INS § 953Div. 1 · Part 2 · Ch. 1 · Art. 11

Statute text

View on leginfo.ca.gov
Whenever a domestic insurer deposits securities with an officer of this State, in order to enable it to do business in another State pursuant to the laws of such other State, if such insurer thereafter ceases to do business in such other State and files conclusive evidence that all policies written in such other State have expired or been paid, canceled or reinsured, the securities shall on demand be returned to the depositing insurer.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 953 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.