Cal. Insurance Code § 1200

California · California Insurance Code · Status: effective

Cite this

Citation: Cal. Insurance Code § 1200, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/878063
Permanent ID: ys:prov:878063@1
SHA-256: bb6ee39956499f2d43af31193480090b9b7c80a736046e6c9517dc53fb231c30

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

An excess funds investment shall not be made unless authorized or approved by the directors of the investor or by a committee thereof charged with the duty of supervising or making such investment. Such authorization or approval shall be entered upon the records or minutes of the investor and, if made upon authority of such a committee a report shall be submitted to the directors at their next meeting.