Cal. Ins. Code § 1200

Current through the 2023 Legislative Session.
Section 1200 - Authorization or approval of directors of investor

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.

Ca. Ins. Code § 1200

Amended by Stats. 1943, Ch. 872.