Cal. Insurance Code § 10162
Cal. Insurance Code § 10162
California · California Insurance Code · Status: effective
Cite this
- Citation
- Cal. Insurance Code § 10162, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/879744
- Permanent ID
ys:prov:879744@1- SHA-256
00e5409cbe89bdf21f9361ece1ec89287627d8e346f382a1130c9603e1fd64b1
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such that its present value as of such anniversary shall be at least equal to the cash surrender value then provided for by the policy or, if none is provided for, that cash surrender value which would have been required by this article in the absence of the condition that premiums shall have been paid for at least a specified period.