California § 10168.3. 10168.3. (Added by Stats. 1979, Ch. 1093.)

California Statutes

§ 10168.3. — 10168.3. (Added by Stats. 1979, Ch. 1093.)

California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 1. CHAPTER 1. The Contract·Art. 3b. ARTICLE 3b. Standard Nonforfeiture Law for Individual Deferred Annuities

Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.

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Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.

California § 10168.3. (10168.3. (Added by Stats. 1979, Ch. 1093.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.