Statute · California Insurance Code

Cal. Ins. Code § 11127 — Financial Matters

Cal. Ins. Code § 11127

Type
Statute
Source
California Insurance Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

An admitted foreign society organized under the laws of any jurisdiction other than a state of the United States shall at all times maintain with a trustee in the United States, in trust for the benefit and security of all its policyholders and creditors in the United States, assets as…

Citator

Cal. Ins. Code § 11127 — Financial Matters is in force in the current edition of the Code, and nothing recorded condemns it.

An admitted foreign society organized under the laws of any jurisdiction other than a state of the United States shall at all times maintain with a trustee in the United States, in trust for the benefit and security of all its policyholders and creditors in the United States, assets as prescribed in Section 11128. Such assets are designated “trusteed assets.”