Section 10454 Of Article 2. Registration Of Life Policies From California Insurance Code >> Division 2. >> Part 2. >> Chapter 5. >> Article 2.

. An insurer registering policies shall maintain a special deposit of securities with the commissioner for the benefit of such registered policies. Such securities shall be of the character specified in Articles 3, 4 and 6 of Chapter 2, Part 2, Division 1, or specified in sections 10459 and 10460.