Statute · California Insurance Code

Cal. Ins. Code § 10485 — Valuation of Life Policies

Cal. Ins. Code § 10485

Type: Statute
Source: California Insurance Code
Jurisdiction: California
Current through: Nov 2, 2026 (California Legislative Counsel)

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 insurer for that purpose if such standard is not lower than the American Men Ultimate Table of Mortality with interest assumption at three…

Citator

Cal. Ins. Code § 10485 — Valuation of Life Policies is in force in the current edition of the Code, and nothing recorded condemns it.

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 insurer for that purpose if such standard is not lower than the American Men Ultimate Table of Mortality with interest assumption at three and one-half per cent per annum.