Section 1197 Of Article 4. Property Authorized For Excess Funds Investments From California Insurance Code >> Division 1. >> Part 2. >> Chapter 2. >> Article 4.
1197
. Excess funds investments shall not be made in a loan or any
other obligation to any one borrower or obligor, including all
affiliates which shall be treated as one borrower or obligor, in an
amount exceeding 10 percent of the capital stock and surplus or 1
percent of the admitted assets of the lending insurer, whichever
amount is greater.