California Insurance Code

§ 10489.4

INS § 10489.4 Effective Jan 1, 2016Div. 2 · Part 2 · Ch. 5 · Art. 3a

Statute text

(a)The interest rates used in determining the minimum standard for the valuation of the following shall be the calendar year statutory valuation interest rates as defined in this section:

(1)Life insurance policies issued in a particular calendar year, on or after the operative date of Section 10163.2 as amended by Section 28 of the Statutes of 1997.

(2)Individual annuity and pure endowment contracts issued in a particular calendar year on or after January 1, 1982.

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Legislative history

Repealed and added by Stats. 2015, Ch. 658, Sec. 10. (SB 696) Effective January 1, 2016.