California Insurance Code 1251 – A stock, bond or other evidence of debt if in default as to principal …
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A stock, bond or other evidence of debt if in default as to principal or interest, or if not amply secured, shall not be valued as an asset of the insurer above its market value.
(Enacted by Stats. 1935, Ch. 145.)
Terms Used In California Insurance Code 1251
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.