Cal. INS § 12352
This is the official text of Cal. INS § 12352, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
If the deposit is made in this state, it shall first be approved by the commissioner who shall make a special deposit thereof in the State Treasury, for the purpose specified in Section 12350. The Treasurer shall give his or her receipt therefor, to the commissioner.
Status: in_force · Read it on the official government site
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