Any such insurer may report such bonds or other evidence of debt at market value or book value, but in no event at an aggregate value exceeding the aggregate of the values calculated according to the rule prescribed by section 1252.
Cal. Ins. Code § 1253
Valuation of Investments
Applied in 2 court decisions — leading case 20 Cal. 3d 55 - Sanchez v. Unemployment Insurance Appeals Board (1977)
Most recently applied in 20 Cal. 3d 55 - Sanchez v. Unemployment Insurance Appeals Board (October 1977)
Enacted by Stats. 1935, Ch. 145.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.