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

California Statutes

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

California § 10168.3.

JurisdictionCalifornia

Code INSInsurance 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

This text of California § 10168.3. (10168.3. (Added by Stats. 1979, Ch. 1093.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Insurance Code - INS Code § 10168.3. (2026).

Text

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.