Section 1221 Of Article 5. Life Insurance Policies From California Insurance Code >> Division 1. >> Part 2. >> Chapter 2. >> Article 5.

. The amount thus loaned by an insurer upon its own policies shall be credited to the insurer in determining the amount of deposit required to comply with the provisions of Article 2, Chapter 5, Part 2, Division 2. Such loans shall be deducted from the net value of the registered policies.