Cal. INS § 11127
This is the official text of Cal. INS § 11127, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
An admitted foreign society organized under the laws of any jurisdiction other than a state of the United States shall at all times maintain with a trustee in the United States, in trust for the benefit and security of all its policyholders and creditors in the United States, assets as prescribed in Section 11128. Such assets are designated “trusteed assets.”
Status: in_force · Read it on the official government site
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