California Insurance Code ARTICLE 3a - Standard Nonforfeiture Law for Life Insurance

• Section 10159.1.
  (a) This article is applicable only to policies and contracts issued on or after the operative date as to such policies or contracts of this article.(b) The...
• Section 10159.2.
  After December 31, 1943, any insurer may file with the commissioner a written notice of its election to comply with the provisions of this article...
• Section 10160.
  Except as provided in Section 10165, no policy of life insurance shall be delivered or issued for delivery in this state unless it shall contain...
• Section 10161.
  Any cash surrender value available under the policy in the event of default in a premium payment due on any policy anniversary, whether or not...
• Section 10162.
  Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such...
• Section 10163.
  This section shall not apply to policies issued on or after the operative date of Section 10163.2 as defined therein. Except as provided in the...
• Section 10163.1.
  (a) In the case of ordinary policies issued on or after the operative date of this subdivision as defined herein, all adjusted premiums and present values...
• Section 10163.2.
  (a) This section shall apply to all policies issued on or after the operative date of this section as defined herein. Except as provided in subdivision...
• Section 10163.3.
  In the case of any plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the...
• Section 10163.35.
  (a) Notwithstanding any other provision of law, the form of any policy, contract, or certificate providing life insurance that is subject to this article shall be...
• Section 10164.
  Any cash surrender value and any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due at any...
• Section 10164.1.
  This section shall apply to all policies issued on or after January 1, 1986. Any cash surrender value available under the policy in the event...
• Section 10164.2.
  (a) For a policy of individual life insurance that is surrendered by the policy owner, the insurer shall return to the owner all moneys due in...
• Section 10165.
  This article shall not apply to any of the following:(a) Reinsurance.(b) Group insurance.(c) Pure endowment.(d) Annuity or reversionary annuity contract.(e) Term policy of uniform amount, which provides no guaranteed nonforfeiture...
• Section 10166.
  No agreement between the insurer and the policyholder or applicant for insurance contrary to this article shall be held to waive any of the provisions...
• Section 10167.
  Any policy to which this article is applicable which does not contain a paid-up nonforfeiture benefit shall be construed as granting nonparticipating paid-up term insurance...
• Section 10167.5.
  (a) Whenever a nonforfeiture benefit is implemented by a life insurer in connection with a defaulting policyowner, the insurer shall provide a notice to the policyowner...

Last modified: October 22, 2018