California Insurance Code ARTICLE 6 - Foreign Investments

• Section 1240.
  The following definitions shall apply in this article:(a) “Foreign currency” means a currency other than that of the United States.(b) “Foreign investment” means an investment in a...
• Section 1241.
  (a) Subject to the limitation in Section 1242, and except for those foreign investments permitted under Section 1192.95, a domestic insurer may acquire foreign investments of...
• Section 1241.1.
  (a) No domestic insurer shall acquire any investment respecting a foreign jurisdiction, or any investment denominated in the currency of that foreign jurisdiction, if that jurisdiction...
• Section 1241.2.
  (a) The Legislature finds and declares all of the following:(1) The federal Securities and Exchange Commission has determined that business activities in foreign states sponsoring terrorism, such...
• Section 1242.
  (a) (1) Except as otherwise specified in Section 1241, a domestic insurer shall not acquire directly or indirectly through an investment subsidiary, an investment under Section 1241...

Last modified: October 22, 2018