Cal. INS § 1596.5
This is the official text of Cal. INS § 1596.5, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
Trusteed assets may be held by a trustee in the name of a nominee of the trustee, when permitted by and in accordance with the law authorizing the trustee to act as trustee. For the purposes of this article, the trustee is deemed to have legal title to trusteed assets so held.
Status: in_force · Read it on the official government site
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