{"code":"INS","codeName":"Insurance Code","section":"1234","citation":"Ins. Code, § 1234","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>The maximum rate for each policy shall be determined at regular intervals at least once every 12 months, but not more frequently than once in any three-month period.</p><p>At the intervals specified in the policy:</p><p>(1) The rate being charged may be increased whenever the increase as determined under subdivision (b) of Section <a href=\"/ins/1232\">1232</a> would increase that rate by one-half of 1 percent or more per annum.</p><p>(2) The rate being charged shall be reduced whenever the reduction as determined under subdivision (b) of Section <a href=\"/ins/1232\">1232</a> would decrease that rate by one-half of 1 percent or more per annum.</p>","text":"The maximum rate for each policy shall be determined at regular intervals at least once every 12 months, but not more frequently than once in any three-month period. At the intervals specified in the policy: (1) The rate being charged may be increased whenever the increase as determined under subdivision (b) of Section 1232 would increase that rate by one-half of 1 percent or more per annum. (2) The rate being charged shall be reduced whenever the reduction as determined under subdivision (b) of Section 1232 would decrease that rate by one-half of 1 percent or more per annum.","otherVersions":[],"url":"https://blackletter.si/insurance-code/life-insurance-policy-loans-1234","source":"California Legislative Information bulk export (pubinfo)"}