California Insurance Code 1586 – Such deposit, if maintained in this State, shall be for the benefit …
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Such deposit, if maintained in this State, shall be for the benefit and security of all the policyholders and creditors of such alien insurer in the United States, and if maintained in another State, for the benefit and security of all the policyholders, or of all the policyholders and creditors, of such alien insurer in the United States.
(Repealed and added by Stats. 1941, Ch. 51.)
Terms Used In California Insurance Code 1586
- alien insurer: means a foreign insurer organized under the laws of any jurisdiction other than a State of the United States. See California Insurance Code 1580
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28