ARTICLE 3. Valuation of Life Policies
Article 3 enacted by Stats. 1935, Ch. 145.
§§ 10478–10489 · 13 sections
- § 10478 This article is applicable only to policies and contracts issued prior to the operative date as to such policies or contracts of Article 3a, Chapter 1, Part 2,…
- § 10479 The commissioner shall annually value, or cause to be valued, the reserve liabilities (hereinafter called reserves) for all outstanding life insurance policies…
- § 10479.5 When the commissioner has valued the reserve liabilities of an insurer as provided by this article, he or she may upon request of the insurer issue his or her…
- § 10480 On or before the first day of March of each year every domestic incorporated life insurer shall furnish the commissioner the necessary data for determining the…
- § 10481 Every admitted foreign life insurer shall, upon the written demand of the commissioner, furnish him or her, at such time as he designates, the requisite data…
- § 10482 Except as provided in Sections 10484 and 10485, and except as provided in Section 10489.7 for benefits purchased under group annuity and pure endowment…
- § 10483 When the laws of any other State require a valuation of the outstanding policies of a domestic life insurer by any standard of valuation different from that…
- § 10484 In the case of insurance issued by a domestic insurer authorized to do business in a foreign country upon the lives of residents of that country, the…
- § 10485 Any life insurer issuing policies of group life insurance may value such policies on any accepted table of mortality with interest assumption adopted by the…
- § 10486 All policies of group insurance shall be segregated by the insurer into a separate class and the mortality experience kept separate. The number of policies,…
- § 10486.9 (a) As prescribed in subdivision (b), an insurer may maintain reserves on a one year preliminary term basis on a life, term or endowment policy if by its terms…
- § 10488 Reserves for all policies and contracts to which this article applies may be calculated, at the option of the insurer, according to any standards which produce…
- § 10489 Any insurer which at any time shall have adopted any standard of valuation producing greater aggregate reserves than those calculated according to the minimum…