GroundRules
INS § 10459
Where this section sits in the code
- Insurance Code - INS
- DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]
- PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]
- CHAPTER 5. General Regulation of Life Insurers [10430. - 10509.946.]
- ARTICLE 2. Registration of Life Policies [10450. - 10463.]
If such insurer owns the building in which it has its principal office and the land upon which it stands, or if it owns other real property located in this State and requisite for its accommodation in the convenient transaction of its business, it may, with the permission of the commissioner, mortgage such property to the commissioner for such sum, not exceeding the market value thereof, as he determines.
Collected 2026-09-14T05:56:33Z. Source file · JSON