Cal. INS § 1197
This is the official text of Cal. INS § 1197, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
Excess funds investments shall not be made in a loan or any other obligation to any one borrower or obligor, including all affiliates which shall be treated as one borrower or obligor, in an amount exceeding 10 percent of the capital stock and surplus or 1 percent of the admitted assets of the lending insurer, whichever amount is greater.
Status: in_force · Read it on the official government site
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