Statute · California Insurance Code
Cal. Ins. Code § 10459 — Registration of Life Policies
Cal. Ins. Code § 10459
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If such insurer owns the building in which it has its principal office and the land upon which it stands, or if it owns other real property located in this State and requisite for its accommodation in the convenient transaction of its business, it may, with the permission of the commissioner,…
Citator
Cal. Ins. Code § 10459 — Registration of Life Policies is in force in the current edition of the Code, and nothing recorded condemns it.
If such insurer owns the building in which it has its principal office and the land upon which it stands, or if it owns other real property located in this State and requisite for its accommodation in the convenient transaction of its business, it may, with the permission of the commissioner, mortgage such property to the commissioner for such sum, not exceeding the market value thereof, as he determines.