California § 1195 - This article does not authorize investments in any obligation unless the obligati
Full text of California Public Contract Code - PCC § 1195 — This article does not authorize investments in any obligation unless the obligati, with citation guidance and answers to common questions.
§ 1195. This article does not authorize investments in any obligation unless the obligati
This article does not authorize investments in any obligation unless the obligation is interest or income-bearing or dividend-paying. An 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. Nothing in this section contained, however, shall limit or affect the authority conferred by section 1191 of this code.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1195
What does Public Contract Code - PCC § 1195 cover?
Section 1195 ("This article does not authorize investments in any obligation unless the obligati") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1195?
A common citation format is "Public Contract Code - PCC § 1195" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1195 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.