California Insurance Code 1420 – Savings or credits may be returned to the subscribers irrespective of …
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Savings or credits may be returned to the subscribers irrespective of the source from which such savings or credits accrue whenever such returns do not constitute an impairment of the assets or reserves required to be maintained.
(Amended by Stats. 1967, Ch. 581.)
Terms Used In California Insurance Code 1420
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.