Section 12756 Of Chapter 2. Fiscal Requirements From California Insurance Code >> Division 2. >> Part 7. >> Chapter 2.
12756
. A home protection company shall invest only in those assets
defined in Article 3 (commencing with Section 1170) and Article 4
(commencing with Section 1190) of Chapter 2 of Part 2 of Division 1,
except that an amount to be determined by the commissioner by
regulation of its admitted assets may be invested in tangible
personal property held by it for the purpose of repair or replacement
of home components, systems or appliances under its home protection
contracts.