US lawCaliforniaStatutesCode insDivision 1Part 2Chapter 2Article 71251Cal. INS § 1251Cal. INS § 1251Last amended: 1935Year: 2025Length: 35 wordsOfficial source A stock, bond or other evidence of debt if in default as to principal or interest, or if not amply secured, shall not be valued as an asset of the insurer above its market value.PreviousCal. INS § 1250NextCal. INS § 1252