{"code":"INS","codeName":"Insurance Code","section":"11135","citation":"Ins. Code, § 11135","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","url":"https://blackletter.si/insurance-code/division-2"},{"name":"PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]","url":"https://blackletter.si/insurance-code/division-2/part-2"},{"name":"CHAPTER 10. Fraternal Benefit Societies [10970. - 11165.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-10"},{"name":"ARTICLE 7. Financial Matters [11120. - 11146.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-10/article-7"}],"history":"Added by Stats. 1951, Ch. 1193.","effective":null,"html":"<p>The present value of deferred payments due under incurred claims or matured certificates shall be deemed a liability of the society and shall be computed upon the mortality and interest basis assumed by the society for such valuation.</p>","text":"The present value of deferred payments due under incurred claims or matured certificates shall be deemed a liability of the society and shall be computed upon the mortality and interest basis assumed by the society for such valuation.","otherVersions":[],"url":"https://blackletter.si/insurance-code/financial-matters-11135","source":"California Legislative Information bulk export (pubinfo)"}