§ 1194.95. — 1194.95. (Amended by Stats. 1991, Ch. 539, Sec. 18.)

California § 1194.95.

• 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

Excess funds investments may be made in an electronic computer or data processing machine or system to be used in connection with the business of the insurer; provided, however, that this machine or system shall have an original cost of at least two hundred fifty thousand dollars ($250,000) and shall be amortized in full over a period not to exceed four full calendar years.

Legislative History

Amended by Stats. 1991, Ch. 539, Sec. 18.