Statute · California Insurance Code
Cal. Ins. Code § 1194.95 — Property Authorized for Excess Funds Investments
Cal. Ins. Code § 1194.95
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Excess funds investments may be made in an electronic computer or data processing machine or system to be used in connection with the business of the insurer; provided, however, that this machine or system shall have an original cost of at least two hundred fifty thousand dollars ($250,000) and…
Citator
Cal. Ins. Code § 1194.95 — 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 an electronic computer or data processing machine or system to be used in connection with the business of the insurer; provided, however, that this machine or system shall have an original cost of at least two hundred fifty thousand dollars ($250,000) and shall be amortized in full over a period not to exceed four full calendar years.