DIVISION 1. GENERAL RULES GOVERNING INSURANCE 100-1879.8›PART 2. THE BUSINESS OF INSURANCE 680-1879.8›CHAPTER 2. Incorporated Insurers 1140-1260›ARTICLE 7. Valuation of Investments 1250-1254

§ 1251

California Insurance Code · 2018-11 edition · updated 2026-10-04 · California

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.

(Enacted by Stats. 1935, Ch. 145.)

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California Insurance Code

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