California § 11521.4. 11521.4. (Added by Stats. 1978, Ch. 795.)

California Statutes

§ 11521.4. — 11521.4. (Added by Stats. 1978, Ch. 795.)

California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 12. CHAPTER 12. Grants and Annuities Societies

The commissioner may, in his discretion and after hearing, require the disposal of any investment made in violation of the provisions of this chapter; pending disposal pursuant to such order, no value shall be allowed for such investment in any financial statement or report required to be filed with the commissioner and purporting to show the financial condition of the owner thereof for the purpose of determining whether such owner is solvent or insolvent.

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The commissioner may, in his discretion and after hearing, require the disposal of any investment made in violation of the provisions of this chapter; pending disposal pursuant to such order, no value shall be allowed for such investment in any financial statement or report required to be filed with the commissioner and purporting to show the financial condition of the owner thereof for the purpose of determining whether such owner is solvent or insolvent.

California § 11521.4. (11521.4. (Added by Stats. 1978, Ch. 795.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.