Insurance Code § 1251
ARTICLE 7. Valuation of Investments
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.
ARTICLE 7. Valuation of Investments
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.