Except as provided in section 12355, assets in such deposits in this State may, with the approval of the commissioner, be withdrawn or exchanged from time to time for other assets of like character and value.
Cal. Ins. Code § 12353
Title Insurers; Capital and Guarantee Fund Requirements
Amended by Stats. 1935, Ch. 292.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.