Cal. Ins. Code § 1194.7
Current through the 2023 Legislative Session.
Excess funds investments may be made in the stock of a Federal home loan bank. Any domestic incorporated insurer investing in the stock of a Federal home loan bank and thereby becoming a member thereof shall have power (a) to obtain advances from, and (b) to pledge collateral as security for such advances from such Federal home loan bank.
Ca. Ins. Code § 1194.7