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California Code, Insurance Code - INS § 10459

Current as of January 01, 2025 | Updated by Findlaw Staff

If such insurer owns the building in which it has its principal office and the land upon which it stands, or if it owns other real property located in this State and requisite for its accommodation in the convenient transaction of its business, it may, with the permission of the commissioner, mortgage such property to the commissioner for such sum, not exceeding the market value thereof, as he determines.

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Cite this article: FindLaw.com - California Code, Insurance Code - INS § 10459 - last updated January 01, 2025 | https://codes.findlaw.com/ca/insurance-code/ins-sect-10459/

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