§ 10454
49 words·~1 min read·
/ca/insurance-code/10454A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer registering policies shall maintain a special deposit of securities with the commissioner for the benefit of such registered policies. Such securities shall be of the character specified in Articles 3, 4 and 6 of Chapter 2, Part 2, Division 1, or specified in sections 10459 and 10460.