BlackletterCalifornia law

Insurance Code § 11135

ARTICLE 7. Financial Matters

Current as of September 28, 2026Ins. Code, § 11135Official source ↗

Added by Stats. 1951, Ch. 1193.

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.