California Insurance Code 1194.7 – Excess funds investments may be made in the stock of a Federal home …
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Excess funds investments may be made in the stock of a Federal home loan bank. Any domestic incorporated insurer investing in the stock of a Federal home loan bank and thereby becoming a member thereof shall have power (a) to obtain advances from, and (b) to pledge collateral as security for such advances from such Federal home loan bank.
(Added by Stats. 1937, Ch. 738.)
Terms Used In California Insurance Code 1194.7
- Domestic: means organized under the laws of this State, whether or not admitted. See California Insurance Code 26