California Insurance Code

§ 10509.953

INS § 10509.953 Effective Jan 1, 1997Div. 2 · Part 2 · Ch. 5.5

Statute text

As used in this chapter:

(a)“Actuarial Standards Board” means the board established by the American Academy of Actuaries to develop and promulgate standards of actuarial practice.

(b)“Contract premium” means the gross premium that is required to be paid under a fixed premium policy, including the premium for a rider for which benefits are shown in the illustration.

…

Legislative history

Added by Stats. 1996, Ch. 1106, Sec. 1. Effective January 1, 1997. Section operative July 1, 1997, pursuant to Section 10509.965.