California Insurance Code

§ 11135

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

INS § 11135Div. 2 · Part 2 · Ch. 10 · Art. 7

Statute text

View on leginfo.ca.gov

The present value of deferred payments due under incurred claims or matured certificates shall be deemed a liability of the society and shall be computed upon the mortality and interest basis assumed by the society for such valuation.

Legislative history

Added by Stats. 1951, Ch. 1193.