California Statutes
§ 1195. — 1195. (Amended by Stats. 1939, Ch. 480.)
California § 1195.
JurisdictionCalifornia
Code INSInsurance 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
This text of California § 1195. (1195. (Amended by Stats. 1939, Ch. 480.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Insurance Code - INS Code § 1195. (2026).
Text
This article does not authorize investments in any obligation unless the obligation is interest or income-bearing or dividend-paying.
An obligation is interest or income-bearing within the meaning of this section if it is not in default in payment of interest or income on the date of acquisition by the insurer and if no such default was imminent on such date.
Nothing in this section contained, however, shall limit or affect the authority conferred by section 1191 of this code.
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Legislative History
Amended by Stats. 1939, Ch. 480.
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Bluebook (online)
California § 1195., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/1195..