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California Insurance Code

§ 943

INS § 943Div. 1 · Part 2 · Ch. 1 · Art. 11

Statute text

View on leginfo.ca.gov
So long as the insurer continues solvent the commissioner shall permit it to collect the interest or dividends on the securities so deposited, and from time to time to withdraw any such securities on depositing other securities in the stead of those to be withdrawn. Such new securities shall be of the same value as those withdrawn and of the character mentioned in this article.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 943 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.