California Insurance Code

§ 11128

INS § 11128Div. 2 · Part 2 · Ch. 10 · Art. 7

The value of the trusteed assets referred to in Section 11127 shall be equal to the sum of all of the following:

(a)All of the indebtedness of that society in the United States having a fixed maturity.

(b)The percentage, specified in subdivision (c), of that part of the tabular reserve which is applicable to its United States business in force.

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Legislative history

Amended by Stats. 1982, Ch. 454, Sec. 114.