Section 11125 Of Article 7. Financial Matters From California Insurance Code >> Division 2. >> Part 2. >> Chapter 10. >> Article 7.

. Every domestic society shall invest its funds only in securities permitted by the laws of this State for the investment of the assets of life insurers issuing nonassessable policies on a reserve basis. Such securities shall be valued according to the methods used in valuing similar securities held by such insurers.