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California Insurance Code

§ 942

INS § 942 Effective Jan 1, 2010Div. 1 · Part 2 · Ch. 1 · Art. 11

Statute text

View on leginfo.ca.gov
The commissioner shall permit a deposit of those securities in the State Treasury, subject to the provisions of Section 11691, if applicable. The securities deposited with the Treasurer shall be maintained in electronic book entry or certificate form as security for policyholders or policyholders and creditors of the insurer to whom they respectively belong. The state is responsible for the custody and safe return of any money or securities so deposited. The Treasurer shall deposit these moneys under the provisions of Sections 16370 and 16375 of the Government Code.

Legislative history

Amended by Stats. 2009, Ch. 234, Sec. 6. (AB 299) Effective January 1, 2010.

Source: California Insurance Code § 942 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.