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Answers on IOUs and quake insurance.

Publication: San Francisco Chronicle
Publication Date: 03-SEP-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Answers on IOUs and quake insurance.(NET WORTH)(Column)

Article Excerpt
Byline: Kathleen Pender

Today I'll answer questions on redeeming state IOUs and earthquake insurance. Plus, an update on property taxes and deflation.

Q: Steve K. has a question about California registered warrants or IOUs, which the state will begin redeeming Friday. "Do we need to endorse the warrant with our signature or return it unsigned? The thing looks just like a check and there is space for a signature on the back. Also, are you aware of any banks that may begin accepting them again?"

A: The warrants "do not have to be endorsed or signed," said Tom Dresslar, a spokesman for the California treasurer.

More banks are now redeeming IOUs for customers, but be sure to find out who gets the...

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