Section 1192 Of Article 4. Property Authorized For Excess Funds Investments From California Insurance Code >> Division 1. >> Part 2. >> Chapter 2. >> Article 4.
1192
. Excess funds investments may be made in:
(a) Interest-bearing obligations issued by a nonaffiliate
institution, as defined in paragraph (5) of subdivision (f) of
Section 1196.1, organized under the laws of any state, or of the
United States, or of the District of Columbia, or of the Dominion of
Canada or of any province of the Dominion of Canada, or
interest-bearing obligations registered with the Securities Exchange
Commission and publicly traded issued by an affiliate corporation
organized under the laws of any state, or of the United States, or of
the District of Columbia, or of the Dominion of Canada or of any
province of the Dominion of Canada, or interest-bearing obligations
issued by an authority established pursuant to the California
Industrial Development Financing Act provided for in Title 10
(commencing with Section 91500) of the Government Code, to which the
corporation is obligated with respect to payment, or
(b) Equipment trust obligations or certificates, or other
adequately secured instruments, evidencing an interest in or lien
upon transportation equipment used or to be used by a common carrier
or common carriers and a right to receive determined portions of
fixed obligatory payments for the use or purchase of this equipment,
when the obligations, certificates or instruments are issued by a
corporation specified in paragraph (a) or are unconditionally
guaranteed or assumed by the corporation as to principal and as to
interest or dividends and as to the payment of the fixed obligatory
payments or the payment of the determined portions thereof.