Insurance Code § 1102

ARTICLE 17. Loans and Investments

Current as of September 28, 2026Ins. Code, § 1102Official source ↗

Amended by Stats. 1937, Ch. 736.

The financial obligation of any officer, director, trustee, or other person having authority in the management of an insurer’s funds shall not be guaranteed by such insurer in any capacity, and any such guarantee shall be void.