Cal. Insurance Code § 10489.93
Cal. Insurance Code § 10489.93
California · California Insurance Code · Status: effective · Effective 2016-01-01
Cite this
- Citation
- Cal. Insurance Code § 10489.93, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/880232
- Permanent ID
ys:prov:880232@1- SHA-256
9621dc774176e7a6bded926bb5922b6ab42db15162a2fd5e925074f65409e074
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
In the case of a plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company based on then estimates of future experience, or in the case of a plan of life insurance or annuity that is of a nature that the minimum reserves cannot be determined by the methods described in Sections 10489.5, 10489.6, and 10489.9, the reserves that are held under the plan shall:
(a) Be appropriate in relation to the benefits and the pattern of premiums for that plan; and
(b) Be computed by a method that is consistent with the principles of this Standard Valuation Law, as determined by regulations promulgated by the commissioner.