California Insurance Code

§ 1370

INS § 1370Div. 1 · Part 2 · Ch. 3 · Art. 5

Statute text

Every exchange shall maintain its required assets in any one, or more, or all of the following forms:

(a)In cash or deposits in solvent banks.

(b)Invested in securities of the kind designated for the investment of assets of incorporated insurers having a capital stock by the laws of the state where the principal office is located.

…

Legislative history

Amended by Stats. 1985, Ch. 106, Sec. 94.