California Insurance Code

§ 1194.86

INS § 1194.86Div. 1 · Part 2 · Ch. 2 · Art. 4

Every admitted incorporated insurer may purchase, hold, or convey real estate only for the following purposes and in the following manner:

(a)The building in which it has its principal office and the land upon which that building stands.

(b)Real estate requisite for its accommodation in the convenient transaction of its business.

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Legislative history

Added by Stats. 1991, Ch. 539, Sec. 15.