Statute · California Insurance Code

Cal. Ins. Code § 1190 — Property Authorized for Excess Funds Investments

Cal. Ins. Code § 1190

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

Any domestic incorporated insurer, which maintains in cash on hand or on deposit in a national or state bank, or in securities specified in Article 3 (commencing with Section 1170), an amount equal to its required minimum paid-in capital, may invest the remainder of its assets in the purchase…

Citator

Cal. Ins. Code § 1190 — Property Authorized for Excess Funds Investments is in force in the current edition of the Code, and nothing recorded condemns it.

Any domestic incorporated insurer, which maintains in cash on hand or on deposit in a national or state bank, or in securities specified in Article 3 (commencing with Section 1170), an amount equal to its required minimum paid-in capital, may invest the remainder of its assets in the purchase of, or loans upon the securities set forth in this article. The investments are known as excess funds investments and are subject to the restrictions set forth in this article.