Statute · California Insurance Code

Cal. Ins. Code § 10489 — Valuation of Life Policies

Cal. Ins. Code § 10489

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

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 provided in this article or Article 3a of this chapter may, with the approval of the commissioner, adopt any lower standard of…

Citator

Cal. Ins. Code § 10489 — Valuation of Life Policies is in force in the current edition of the Code, and nothing recorded condemns it.

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 provided in this article or Article 3a of this chapter may, with the approval of the commissioner, adopt any lower standard of valuation, but not lower than the minimum therein provided.