Ins. Code, § 1170 · Article 3. General Investments
Ins. Code, § 1170
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Domestic incorporated insurers may invest their assets in the purchase of any of the securities specified in this article, or in loans upon such securities, if those purchases or loans conform to all the following conditions:
(a) Such securities are not in default as to principal or interest at the date of investment.
(b) In the case of a purchase, the purchase price does not exceed the market value of the securities at the date of investment.
(c) In the case of a loan not governed by the provisions of Section 1194.81, the amount loaned does not exceed eighty-five per cent of such market value at the date of investment.
Notes and commentary — not statutory text
History
Amended by Stats. 2009, Ch. 234, Sec. 7. (AB 299) Effective January 1, 2010.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1170.
- Text hash
- sha256 626a92eab49812c24a6f4871e8f75650eda3b78b268b81314470e5ed01f9d659
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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Insurance Code
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