Any such deposit may be made either in lawful money of the United States or in any of the securities, other than collateral trust bonds or notes, authorized for investment, other than excess funds investments, of all the assets of domestic incorporated insurers.

(Enacted by Stats. 1935, Ch. 145.)

Terms Used In California Insurance Code 12351

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Domestic: means organized under the laws of this State, whether or not admitted. See California Insurance Code 26
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