California Insurance Code ARTICLE 4 - Loans

• Section 4040.
  A mutual insurer may borrow money to defray the expenses of its organization, provide it with surplus funds, or for any purpose of its business,...
• Section 4042.
  The issuance of any document evidencing any such loan shall require the commissioner’s securities permit under Article 8 of Chapter 1, Part 2, Division 1...
• Section 4044.
  This section shall not apply to loans obtained by the insurer in ordinary course of business from banks and other financial institutions, nor to loans...

Last modified: October 22, 2018