Domestic incorporated insurers may invest in an account or accounts in one or more banks, savings and loan associations, or credit unions to the extent the account or accounts are insured by an agency or instrumentality of the federal government. As used in this section, an account may include a certificate of deposit.
(Amended by Stats. 2009, Ch. 234, Sec. 8. (AB 299) Effective January 1, 2010.)
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