California Insurance Code

§ 1220

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

INS § 1220Div. 1 · Part 2 · Ch. 2 · Art. 5

Statute text

View on leginfo.ca.gov

Domestic incorporated life insurers may also invest any funds in loans upon any of their own policies in an amount not exceeding the reserve against such policy at the time the loan is made, but policy loans shall not be deposited with the commissioner under Article 2, Chapter 5, Part 2, Division 2.

Legislative history

Enacted by Stats. 1935, Ch. 145.