{"code":"INS","codeName":"Insurance Code","section":"1231","citation":"Ins. Code, § 1231","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1"},{"name":"PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1/part-2"},{"name":"CHAPTER 2. Incorporated Insurers [1140. - 1260.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-2"},{"name":"ARTICLE 5.5. Life Insurance Policy Loans [1230. - 1239.5.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-2/article-5.5"}],"history":"Added by Stats. 1982, Ch. 1351, Sec. 3.","effective":null,"html":"<p>For the purposes of this article the “published monthly average” means:</p><p>(a) Moody’s Corporate Bond Yield Average-Monthly Average Corporates as published by Moody’s Investors Service, Inc. or any successor thereto.</p><p>(b) In the event that Moody’s Corporate Bond Yield Average-Monthly Average Corporates is no longer published, a substantially similar average, established by the Legislature.</p>","text":"For the purposes of this article the “published monthly average” means: (a) Moody’s Corporate Bond Yield Average-Monthly Average Corporates as published by Moody’s Investors Service, Inc. or any successor thereto. (b) In the event that Moody’s Corporate Bond Yield Average-Monthly Average Corporates is no longer published, a substantially similar average, established by the Legislature.","otherVersions":[],"url":"https://blackletter.si/insurance-code/life-insurance-policy-loans-1231","source":"California Legislative Information bulk export (pubinfo)"}