California Insurance Code ARTICLE 3 - Valuation of Life Policies
- Section 10478.
This article is applicable only to policies and contracts issued prior to the operative date as to such policies or contracts of Article 3a, Chapter...
- Section 10479.
The commissioner shall annually value, or cause to be valued, the reserve liabilities (hereinafter called reserves) for all outstanding life insurance policies and annuity and...
- Section 10479.5.
When the commissioner has valued the reserve liabilities of an insurer as provided by this article, he or she may upon request of the insurer...
- Section 10480.
On or before the first day of March of each year every domestic incorporated life insurer shall furnish the commissioner the necessary data for determining...
- Section 10481.
Every admitted foreign life insurer shall, upon the written demand of the commissioner, furnish him or her, at such time as he designates, the requisite...
- Section 10482.
Except as provided in Sections 10484 and 10485, and except as provided in Section 10489.7 for benefits purchased under group annuity and pure endowment contracts...
- Section 10483.
When the laws of any other State require a valuation of the outstanding policies of a domestic life insurer by any standard of valuation different...
- Section 10484.
In the case of insurance issued by a domestic insurer authorized to do business in a foreign country upon the lives of residents of that...
- Section 10485.
Any life insurer issuing policies of group life insurance may value such policies on any accepted table of mortality with interest assumption adopted by the...
- Section 10486.
All policies of group insurance shall be segregated by the insurer into a separate class and the mortality experience kept separate. The number of policies,...
- Section 10486.9.
(a) As prescribed in subdivision (b), an insurer may maintain reserves on a one year preliminary term basis on a life, term or endowment policy if...
- Section 10488.
Reserves for all policies and contracts to which this article applies may be calculated, at the option of the insurer, according to any standards which...
- Section 10489.
Any insurer which at any time shall have adopted any standard of valuation producing greater aggregate reserves than those calculated according to the minimum standard...
Last modified: October 22, 2018