California § 940. 940. (Amended by Stats. 1965, Ch. 165.)

California Statutes

§ 940. — 940. (Amended by Stats. 1965, Ch. 165.)

California § 940.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 1.DIVISION 1. GENERAL RULES GOVERNING INSURANCE

Part 2.PART 2. THE BUSINESS OF INSURANCE

Ch. 1.CHAPTER 1. General Regulations

Art. 11.ARTICLE 11. Deposit of Securities

This text of California § 940. (940. (Amended by Stats. 1965, Ch. 165.)) 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 § 940. (2026).

Text

The commissioner shall accept and hold securities in trust for the policyholders or policyholders and creditors of an insurer and for their benefit, whenever (a) the law of another state or of a foreign country requires such a deposit with an officer of this state as a prerequisite to transacting insurance business in that state or country, or (b) the law of this state requires such a deposit with an officer of this state.

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The commissioner shall accept and hold securities in trust for the policyholders or policyholders and creditors of an insurer and for their benefit, whenever (a) the law of another state or of a foreign country requires such a deposit with an officer of this state as a prerequisite to transacting insurance business in that state or country, or (b) the law of this state requires such a deposit with an officer of this state.

Legislative History

Amended by Stats. 1965, Ch. 165.

Nearby Sections

2

§ 940.

940. (Amended by Stats. 1965, Ch. 165.)

§ 940.1.

940.1. (Amended by Stats. 1985, Ch. 770, Sec. 5.)

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California § 940., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/940..