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Tony Ondrusek is founder and publisher of Insurance & Financial Advisor and IFAwebnews.com.

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California Insurance Commissioner Steve Poizner has ordered all insurance companies doing business in his state to divulge and divest all their holdings in Iran. The divestment could range in the area of $12 billion. (click here for story)

Given the fact that California is on the verge of bankruptcy, shouldn’t he also require insurers to divest of their holdings in California municipal bonds?