Cal. Ins. Code § 1221

Current through the 2023 Legislative Session.
Section 1221 - Determining amount of deposit

The amount thus loaned by an insurer upon its own policies shall be credited to the insurer in determining the amount of deposit required to comply with the provisions of Article 2, Chapter 5, Part 2, Division 2. Such loans shall be deducted from the net value of the registered policies.

Ca. Ins. Code § 1221

Enacted by Stats. 1935, Ch. 145.