California Insurance Code ARTICLE 3b - Standard Nonforfeiture Law for Individual Deferred Annuities

• Section 10168.
  This article shall not apply to any reinsurance, group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by an...
• Section 10168.1.
  In the case of contracts issued on or after the operative date of this article as defined in Section 10168.10, no contract of annuity, except...
• Section 10168.2.
  (a) This section shall apply to contracts issued before January 1, 2004, and may be applied by a company, on a contract-form-by-contract-form basis, to any contract...
• Section 10168.25.
  (a) This section shall apply to contracts issued on and after January 1, 2006, and may be applied by a company, on a contract-form-by-contract-form basis, to...
• Section 10168.3.
  Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at...
• Section 10168.4.
  Contracts that provide cash surrender benefits shall comply with all of the following:(a) Cash surrender benefits available prior to maturity shall not be less than the...
• Section 10168.45.
  (a) (1) For an individual annuity contract subject to this article that is surrendered by the contract owner, the insurer shall return to the owner all moneys...
• Section 10168.5.
  For contracts which do not provide cash surrender benefits, the present value of any paid-up annuity benefit available as a nonforfeiture option at any time...
• Section 10168.6.
  For the purpose of determining the benefits calculated under Sections 10168.4 and 10168.5, the following apply:(a) In the case of annuity contracts under which the fixed...
• Section 10168.7.
  Any contract which does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to...
• Section 10168.8.
  Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations,...
• Section 10168.9.
  For any contract which provides, within the same contract by rider or supplemental contract provision, both annuity benefits and life insurance benefits that are in...
• Section 10168.92.
  The commissioner may adopt regulations to implement the provisions of this article.(Added by Stats. 2003, Ch. 381, Sec. 4. Effective January 1, 2004.)
• Section 10168.93.
  (a) Notwithstanding any other provision of law, the form of any annuity contract that is subject to this article shall be filed by the obligor under...
• Section 10168.10.a.
  After the effective date of this article, any company may file with the commissioner a written notice of its election to comply with the provisions...

Last modified: October 22, 2018