§ 11125
51 words·~1 min read·
/ca/insurance-code/11125A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every domestic society shall invest its funds only in securities permitted by the laws of this State for the investment of the assets of life insurers issuing nonassessable policies on a reserve basis. Such securities shall be valued according to the methods used in valuing similar securities held by such insurers.