California § 1192.1. 1192.1. (Amended by Stats. 1991, Ch. 1206, Sec. 8.)

California Statutes

§ 1192.1. — 1192.1. (Amended by Stats. 1991, Ch. 1206, Sec. 8.)

California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 2. CHAPTER 2. Incorporated Insurers·Art. 4. ARTICLE 4. Property Authorized for Excess Funds Investments

Excess funds investments may be made in bonds, notes or other obligations issued, assumed or guaranteed by the International Bank for Reconstruction and Development, or the Inter-American Development Bank, or the Government Development Bank for Puerto Rico, or the Asian Development Bank, the International Finance Corporation, or the African Development Bank. Investments held under the authority of this section at any one time shall not be in excess of 2
percent of the insurer’s admitted assets or an amount equal to 25 percent of the total of the capital
				and surplus of such insurer, whichever is the lesser. Percentage or dollar value of assets and surplus as provided herein shall be determined by the insurer’s last preceding annual statement of conditions and affairs filed with the comm

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Excess funds investments may be made in bonds, notes or other obligations issued, assumed or guaranteed by the International Bank for Reconstruction and Development, or the Inter-American Development Bank, or the Government Development Bank for Puerto Rico, or the Asian Development Bank, the International Finance Corporation, or the African Development Bank. Investments held under the authority of this section at any one time shall not be in excess of 2
percent of the insurer’s admitted assets or an amount equal to 25 percent of the total of the capital
and surplus of such insurer, whichever is the lesser. Percentage or dollar value of assets and surplus as provided herein shall be determined by the insurer’s last preceding annual statement of conditions and affairs filed with the commissioner pursuant to law.
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California § 1192.1. (1192.1. (Amended by Stats. 1991, Ch. 1206, Sec. 8.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.