DIVISION 2. CLASSES OF INSURANCE 1880-12880.6›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 10. Fraternal Benefit Societies 10970-11165›ARTICLE 7. Financial Matters 11120-11146

§ 11127

California Insurance Code · 2020-11 edition · updated 2026-10-04 · California

An admitted foreign society organized under the laws of any jurisdiction other than a state of the United States shall at all times maintain with a trustee in the United States, in trust for the benefit and security of all its policyholders and creditors in the United States, assets as prescribed in Section 11128. Such assets are designated “trusteed assets.”

(Added by Stats. 1951, Ch. 1193.)

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California Insurance Code

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