California Legislature Seeks to Block Iran-Related Investments

Law firm Barger & Wolen reports on California Assembly Bill 2160, legislation designed to block California insurers from making investments in entities that do business with Iran, defined as “indirect investments:”

“… Assembly Bill 2160 … would prohibit California domestic insurers from treating indirect Iran-related investments (as defined in the bill) as admitted assets. The bill was just introduced on February 23rd and may be heard in committee on March 25th.”

Read the update, Legislation to Non-Admit Iran-Related Investments, Barger & Wolen»