{"data":{"id":"us-ca/ins-1195","jurisdiction":"us-ca","citation":"INS § 1195","heading":"","body":"This article does not authorize investments in any obligation unless the obligation is interest or income-bearing or dividend-paying.\nAn obligation is interest or income-bearing within the meaning of this section if it is not in default in payment of interest or income on the date of acquisition by the insurer and if no such default was imminent on such date.\nNothing in this section contained, however, shall limit or affect the authority conferred by section 1191 of this code.","path":["Insurance Code - INS","DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]","PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]","CHAPTER 2. Incorporated Insurers [1140. - 1260.]","ARTICLE 4. Property Authorized for Excess Funds Investments [1190. - 1202.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"6fc0996b90b3b488d9d67d6f790e7d0ad2a9062f88b0f54ebc747002e5f821c8","source_id":"us-ca","stale":false,"prev":"us-ca/ins-1194.95","next":"us-ca/ins-1196"},"notice":"GroundRules: Original legal text. Not legal advice."}