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§ 2509.8. Debt Security Rating and Listing Requirements.

10 CA ADC § 2509.8Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 5. Insurance Commissioner (Refs & Annos)
Subchapter 3. Insurers
Article 9.5. Workers' Compensation Insurance Deposits
10 CCR § 2509.8
§ 2509.8. Debt Security Rating and Listing Requirements.
Any government debt security or non-government debt security listed on a national securities exchange which meets all other requirements in this Article and which has at least an “A3” rating by Moody's Investors Service, Inc., “A-” by Standard & Poor's, “A-” by Fitch Ratings, or a comparable rating if the rating symbols are changed, is acceptable for deposit. Non-governmental debt securities which are traded over the counter and which meet all other requirements of this Article, must have at least an “Aa3” rating by Moody's Investors Service, Inc., “AA-” by Standard & Poor's or “AA-” by Fitch Ratings acceptable for deposit. Promissory notes as defined in Section 2509.6(i) or debt securities of banks and savings and loan associations need not meet the requirements contained in this section.

Credits

Note: Authority cited: Section 11691, Insurance Code. Reference: Section 11691, Insurance Code.
History
1. Change without regulatory effect amending section and Note filed 4-28-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 18).
This database is current through 5/24/24 Register 2024, No. 21.
Cal. Admin. Code tit. 10, § 2509.8, 10 CA ADC § 2509.8
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