California Insurance Code 1192.4 – No domestic insurer shall have more than 10 percent of its capital …
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No domestic insurer shall have more than 10 percent of its capital and surplus invested in stock of corporations organized under the laws of the Dominion of Canada or of any province of the Dominion of Canada, but this limitation shall not affect the authority conferred by Sections 1172, 1199 and 1240.
(Amended by Stats. 1955, Ch. 206.)
Terms Used In California Insurance Code 1192.4
- Domestic: means organized under the laws of this State, whether or not admitted. See California Insurance Code 26