Home/California/Statutes/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. 7.: ARTICLE 7. Valuation of Investments/§ 1251.
California Statutes

§ 1251. — 1251. (Enacted by Stats. 1935, Ch. 145.)

California § 1251.
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. 7.ARTICLE 7. Valuation of Investments

This text of California § 1251. (1251. (Enacted by Stats. 1935, Ch. 145.)) 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 § 1251. (2026).

Text

A stock, bond or other evidence of debt if in default as to principal or interest, or if not amply secured, shall not be valued as an asset of the insurer above its market value.

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Legislative History

Enacted by Stats. 1935, Ch. 145.
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California § 1251., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/1251..