™Your Policy Risk Impact Agent
127 chapters · 4,511 sections in this title.
Ins. Code § 1251 Section 1251
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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.)
Ins. Code § 1252 Section 1252
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All bonds or other evidences of debt held by an admitted incorporated insurer if amply secured and if not in default as to principal or interest may, in the discretion of the commissioner, be valued as follows: (a) If purchased at par, at the par value. (b) If purchased above or …
Ins. Code § 1253 Section 1253
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Any such insurer may report such bonds or other evidence of debt at market value or book value, but in no event at an aggregate value exceeding the aggregate of the values calculated according to the rule prescribed by section 1252. (Enacted by Stats. 1935, Ch. 145.)
Ins. Code § 1254 Section 1254
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Any asset of an insurer which is found by the commissioner to be insolvent or threatened with insolvency shall be reduced in value, if necessary, to reflect its proper value. Where the asset is subject to an offset or lien which the commissioner has reasonable grounds to believe …
