Statute · California Insurance Code
Cal. Ins. Code § 1200 — Property Authorized for Excess Funds Investments
Cal. Ins. Code § 1200
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An excess funds investment shall not be made unless authorized or approved by the directors of the investor or by a committee thereof charged with the duty of supervising or making such investment. Such authorization or approval shall be entered upon the records or minutes of the investor and,…
Citator
Cal. Ins. Code § 1200 — Property Authorized for Excess Funds Investments is in force in the current edition of the Code, and nothing recorded condemns it.
An excess funds investment shall not be made unless authorized or approved by the directors of the investor or by a committee thereof charged with the duty of supervising or making such investment. Such authorization or approval shall be entered upon the records or minutes of the investor and, if made upon authority of such a committee a report shall be submitted to the directors at their next meeting.