BlackletterCalifornia law

Insurance Code § 1231

ARTICLE 5.5. Life Insurance Policy Loans

Current as of September 28, 2026Ins. Code, § 1231Official source ↗

Added by Stats. 1982, Ch. 1351, Sec. 3.

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.