Cal. Ins. Code § 1596.5
Current through the 2023 Legislative Session.
Trusteed assets may be held by a trustee in the name of a nominee of the trustee, when permitted by and in accordance with the law authorizing the trustee to act as trustee. For the purposes of this article, the trustee is deemed to have legal title to trusteed assets so held.
Ca. Ins. Code § 1596.5