Cal. INS § 12351
This is the official text of Cal. INS § 12351, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
Any such deposit may be made either in lawful money of the United States or in any of the securities, other than collateral trust bonds or notes, authorized for investment, other than excess funds investments, of all the assets of domestic incorporated insurers.
Status: in_force · Read it on the official government site
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