California Code
PART 2 - THE BUSINESS OF INSURANCE
CHAPTER 2 - Incorporated Insurers

ARTICLE 1 - General

Section 1140. - 1140. Except as otherwise provided in this code, incorporated insurers...

Section 1140.1. - 1140.1. (a) A domestic incorporated life insurer may be organized...

Section 1140.5. - 1140.5. (a) Notwithstanding any other law, a copy of every...

Section 1141. - 1141. No director, trustee, officer or agent of any insurer...

Section 1142. - 1142. In situations of hardship, financial embarrassment or where other...

ARTICLE 2 - Restrictions on Activities

Section 1152. - 1152. (a) Domestic incorporated stock insurers, except those governed by...

Section 1153. - 1153. An insurer shall not be admitted within three years...

Section 1153.5. - 1153.5. An admitted insurer which has been in business as...

Section 1154. - 1154. After the period specified in Sections 1153 and 1153.5,...

Section 1155. - 1155. An insurer, within such limits as may be set...

ARTICLE 3 - General Investments

Section 1170. - 1170. Domestic incorporated insurers may invest their assets in the...

Section 1171. - 1171. Such insurers may invest in obligations of the United...

Section 1171.5. - 1171.5. Such insurers may invest in obligations of the United...

Section 1172. - 1172. Such insurers may invest in obligations of the Dominion...

Section 1173. - 1173. Such insurers may invest in obligations issued under authority...

Section 1174. - 1174. Such insurers may invest in obligations of this State...

Section 1175. - 1175. Such insurers may invest in bonds of any permanent...

Section 1175.5. - 1175.5. Such insurers may invest in bonds of any county...

Section 1176.5. - 1176.5. Such insurers may make, invest in or purchase loans...

Section 1176.6. - 1176.6. None of the provisions of the Insurance Code limiting...

Section 1177. - 1177. Such insurers may invest in notes or bonds secured...

Section 1178. - 1178. Such insurers may invest in collateral trust bonds or...

Section 1179. - 1179. Such insurers may invest in farm loan bonds, consolidated...

Section 1180. - 1180. Such insurers may invest in bonds issued under the...

Section 1181. - 1181. Such insurers may also invest in registered warrants of...

Section 1182. - 1182. Domestic incorporated insurers may invest in an account or...

ARTICLE 3.5 - Disclosure of Material Transactions

Section 1185. - 1185. (a) Every domestic incorporated insurer shall file a report...

Section 1186. - 1186. (a) No acquisitions or dispositions of assets shall be...

Section 1187. - 1187. (a) No nonrenewals, cancellations, or revisions of ceded reinsurance...

ARTICLE 4 - Property Authorized for Excess Funds Investments

Section 1190. - 1190. Any domestic incorporated insurer, which maintains in cash on...

Section 1191. - 1191. Excess funds investments may be made in the stock...

Section 1191.1. - 1191.1. Excess fund investments may be made in the purchase...

Section 1191.5. - 1191.5. (a)Excess fund investments may be made by a domestic...

Section 1192. - 1192. Excess funds investments may be made in: (a) Interest-bearing...

Section 1192.1. - 1192.1. Excess funds investments may be made in bonds, notes...

Section 1192.2. - 1192.2. An insurer may lend on the security of a...

Section 1192.3. - 1192.3. Excess fund investments may be made by a life...

Section 1192.4. - 1192.4. No domestic insurer shall have more than 10 percent...

Section 1192.5. - 1192.5. Excess funds investments may be made in all deposits...

Section 1192.6. - 1192.6. (a) An insurer, except an insurer authorized to transact...

Section 1192.7. - 1192.7. (a) A domestic insurer having admitted assets aggregating in...

Section 1192.8. - 1192.8. (a) A domestic life insurer having admitted assets aggregating...

Section 1192.9. - 1192.9. Notwithstanding Section 1100, a domestic insurer may make excess...

Section 1192.95. - 1192.95. (a) Notwithstanding Section 1100, an insurer may make excess...

Section 1192.10. - 1192.10. (a) Excess funds investments may be made in securities...

Section 1193. - 1193. Excess funds investments may be made in bonds of...

Section 1194. - 1194. Excess funds investments may be made in bonds issued...

Section 1194.1. - 1194.1. Excess funds investments may be made in bonds issued...

Section 1194.5. - 1194.5. Excess funds investments may be made in any debt...

Section 1194.6. - 1194.6. (a) Excess funds investments may be made by an...

Section 1194.7. - 1194.7. Excess funds investments may be made in the stock...

Section 1194.8. - 1194.8. (a) Excess fund investments may be made by a...

Section 1194.81. - 1194.81. Domestic incorporated insurers may invest in notes or bonds...

Section 1194.82. - 1194.82. (a) An insurer may invest in notes or bonds...

Section 1194.85. - 1194.85. In any case in which a domestic insurer has...

Section 1194.86. - 1194.86. Every admitted incorporated insurer may purchase, hold, or convey...

Section 1194.87. - 1194.87. If, after a hearing, the commissioner is satisfied that...

Section 1194.88. - 1194.88. Every admitted incorporated insurer may, for the protection or...

Section 1194.9. - 1194.9. If the commissioner shall decide, after due notice and...

Section 1194.95. - 1194.95. Excess funds investments may be made in an electronic...

Section 1195. - 1195. This article does not authorize investments in any obligation...

Section 1196. - 1196. Excess funds investments shall not be made in any...

Section 1196.1. - 1196.1. (a) No domestic insurer shall acquire, directly or indirectly,...

Section 1197. - 1197. Excess funds investments shall not be made in a...

Section 1198. - 1198. Excess funds investments shall not be made in purchases...

Section 1199. - 1199. No domestic incorporated fire, life or marine insurer shall...

Section 1200. - 1200. An excess funds investment shall not be made unless...

Section 1201. - 1201. The entry of approval shall show: (a) The fact...

Section 1202. - 1202. The commissioner may, in his discretion and after hearing,...

ARTICLE 4.5 - Leeway Law

Section 1210. - 1210. (a) A domestic incorporated insurer, after investing an amount...

Section 1210. - 1210. (a) A domestic incorporated insurer, after investing an amount...

ARTICLE 4.6 - Hedging

Section 1211. - 1211. (a) For the purposes of this section the following...

Section 1212. - 1212. (a) Any domestic incorporated insurer having aggregate capital and...

ARTICLE 4.7 - Insurance Holding Company System Regulatory Act

Section 1215. - 1215. As used in this article, the following terms shall...

Section 1215.1. - 1215.1. (a) Any domestic insurer, either by itself or in...

Section 1215.2. - 1215.2. (a) A person shall not make a tender offer...

Section 1215.3. - 1215.3. The following shall be violations of this article: (a)...

Section 1215.4. - 1215.4. (a) Every insurer that is authorized to do business...

Section 1215.5. - 1215.5. (a) Transactions by registered insurers with their affiliates are...

Section 1215.6. - 1215.6. (a) Subject to the limitation contained in this section,...

Section 1215.7. - 1215.7. (a) With respect to any insurer registered under Section...

Section 1215.75. - 1215.75. (a) (1) The commissioner is authorized to act as...

Section 1215.8. - 1215.8. (a) All information, documents, and copies thereof obtained by...

Section 1215.9. - 1215.9. The commissioner may, upon notice and opportunity for all...

Section 1215.10. - 1215.10. (a) Whenever it appears to the commissioner that any...

Section 1215.11. - 1215.11. (a) Any insurer that fails to file a statement,...

Section 1215.12. - 1215.12. Whenever it appears to the commissioner that any person...

Section 1215.13. - 1215.13. Whenever it appears to the commissioner that any person...

Section 1215.14. - 1215.14. (a) For the purposes of this article only, every...

Section 1215.15. - 1215.15. (a) The provisions of this article shall not apply...

Section 1215.16. - 1215.16. All laws and parts of laws of this state...

Section 1215.17. - 1215.17. If any provision of this article or the application...

Section 1215.18. - 1215.18. (a) If an order for liquidation or rehabilitation of...

ARTICLE 4.8 - Business Transacted with Producer Controlled Insurer

Section 1216. - 1216. This article may be cited as the Business Transacted...

Section 1216.1. - 1216.1. As used in this article, the following terms have...

Section 1216.2. - 1216.2. This article shall apply to insurers as defined in...

Section 1216.3. - 1216.3. (a) (1) The provisions of this section shall apply...

Section 1216.4. - 1216.4. The controlling producer shall, prior to the effective date...

Section 1216.5. - 1216.5. (a) (1) If the commissioner believes that the controlling...

Section 1216.6. - 1216.6. Controlled insurers and controlling producers who are not in...

ARTICLE 5 - Life Insurance Policies

Section 1220. - 1220. Domestic incorporated life insurers may also invest any funds...

Section 1221. - 1221. The amount thus loaned by an insurer upon its...

ARTICLE 5.5 - Life Insurance Policy Loans

Section 1230. - 1230. The Legislature declares that the purpose of this article...

Section 1231. - 1231. For the purposes of this article the “published monthly...

Section 1232. - 1232. (a) Policies issued on or after the effective date...

Section 1233. - 1233. If the maximum rate of interest is determined pursuant...

Section 1234. - 1234. The maximum rate for each policy shall be determined...

Section 1235. - 1235. The life insurer shall do all of the following:...

Section 1236. - 1236. The loan value of the policy shall be equivalent...

Section 1237. - 1237. The substance of the pertinent provisions of Section 1232...

Section 1238. - 1238. For the purposes of this section: (1) The rate...

Section 1239. - 1239. No other provision of law shall apply to policy...

Section 1239.5. - 1239.5. The provisions of this article shall not apply to...

ARTICLE 6 - Foreign Investments

Section 1240. - 1240. The following definitions shall apply in this article: (a)...

Section 1241. - 1241. (a) Subject to the limitation in Section 1242, and...

Section 1241.1. - 1241.1. (a) No domestic insurer shall acquire any investment respecting...

Section 1241.2. - 1241.2. (a) The Legislature finds and declares all of the...

Section 1242. - 1242. (a) (1) Except as otherwise specified in Section 1241,...

ARTICLE 7 - Valuation of Investments

Section 1250. - 1250. When any domestic incorporated insurer has, pursuant to the...

Section 1251. - 1251. A stock, bond or other evidence of debt if...

Section 1252. - 1252. All bonds or other evidences of debt held by...

Section 1253. - 1253. Any such insurer may report such bonds or other...

Section 1254. - 1254. Any asset of an insurer which is found by...

ARTICLE 8 - Reinsurance Transactions

Section 1260. - 1260. Incorporated insurers or reciprocal insurers who are members of...