Statute · California Insurance Code
Cal. Ins. Code § 1194.7 — Property Authorized for Excess Funds Investments
Cal. Ins. Code § 1194.7
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Excess funds investments may be made in the stock of a Federal home loan bank. Any domestic incorporated insurer investing in the stock of a Federal home loan bank and thereby becoming a member thereof shall have power (a) to obtain advances from, and (b) to pledge collateral as security for…
Citator
Cal. Ins. Code § 1194.7 — Property Authorized for Excess Funds Investments is in force in the current edition of the Code, and nothing recorded condemns it.
Excess funds investments may be made in the stock of a Federal home loan bank. Any domestic incorporated insurer investing in the stock of a Federal home loan bank and thereby becoming a member thereof shall have power (a) to obtain advances from, and (b) to pledge collateral as security for such advances from such Federal home loan bank.