§ 1194.88. — 1194.88. (Added by Stats. 1991, Ch. 539, Sec. 17.)

California § 1194.88.

• Jurisdiction: 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

Text

Every admitted incorporated insurer may, for the protection or enhancement of the value of real property acquired under the provisions of Section 1194.86, use its funds in the manner as it shall deem proper to repair, alter, remodel, rehabilitate, demolish, purchase furnishings or other personal property for use in or otherwise to improve the real estate.

Legislative History

Added by Stats. 1991, Ch. 539, Sec. 17.