Section 11127 Of Article 7. Financial Matters From California Insurance Code >> Division 2. >> Part 2. >> Chapter 10. >> Article 7.
11127
. An admitted foreign society organized under the laws of any
jurisdiction other than a state of the United States shall at all
times maintain with a trustee in the United States, in trust for the
benefit and security of all its policyholders and creditors in the
United States, assets as prescribed in Section 11128. Such assets are
designated "trusteed assets."