ARTICLE 7. Valuation of Investments [1250. - 1254.]

Article 7 enacted by Stats. 1935, Ch. 145.

§§ 1250–1254 · 5 sections

• § 1250 When any domestic incorporated insurer has, pursuant to the laws of this State, invested any of its funds in purchases of, or loans upon, the stock or…
• § 1251 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…
• § 1252 All bonds or other evidences of debt held by an admitted incorporated insurer if amply secured and if not in default as to principal or interest may, in the…
• § 1253 Any such insurer may report such bonds or other evidence of debt at market value or book value, but in no event at an aggregate value exceeding the aggregate…
• § 1254 Any asset of an insurer which is found by the commissioner to be insolvent or threatened with insolvency shall be reduced in value, if necessary, to reflect…