{"code":"INS","codeName":"Insurance Code","section":"1251","citation":"Ins. Code, § 1251","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1"},{"name":"PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1/part-2"},{"name":"CHAPTER 2. Incorporated Insurers [1140. - 1260.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-2"},{"name":"ARTICLE 7. Valuation of Investments [1250. - 1254.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-2/article-7"}],"history":"Enacted by Stats. 1935, Ch. 145.","effective":null,"html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/insurance-code/valuation-of-investments-1251","source":"California Legislative Information bulk export (pubinfo)"}