California Insurance Code

§ 1194.7

INS § 1194.7Div. 1 · Part 2 · Ch. 2 · Art. 4

Statute text

Excess funds investments may be made in the stock of a Federal home loan bank. Any domestic incorporated insurer investing in the stock of a Federal home loan bank and thereby becoming a member thereof shall have power (a) to obtain advances from, and (b) to pledge collateral as security for such advances from such Federal home loan bank.

Legislative history

Added by Stats. 1937, Ch. 738.