Section 12352 Of Article 2. Title Insurers; Capital And Guarantee Fund Requirements From California Insurance Code >> Division 2. >> Part 6. >> Chapter 1. >> Article 2.

. If the deposit is made in this state, it shall first be approved by the commissioner who shall make a special deposit thereof in the State Treasury, for the purpose specified in Section 12350. The Treasurer shall give his or her receipt therefor, to the commissioner.