California § 10489.93. 10489.93. (Amended by Stats. 2015, Ch. 658, Sec. 16.)

California Statutes

§ 10489.93. — 10489.93. (Amended by Stats. 2015, Ch. 658, Sec. 16.)

California § 10489.93.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 2.DIVISION 2. CLASSES OF INSURANCE

Part 2.PART 2. LIFE AND DISABILITY INSURANCE

Ch. 5.CHAPTER 5. General Regulation of Life Insurers

Art. 3a.ARTICLE 3a. Standard Valuation Law

This text of California § 10489.93. (10489.93. (Amended by Stats. 2015, Ch. 658, Sec. 16.)) 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 § 10489.93. (2026).

Text

In the case of a plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company based on then estimates of future experience, or in the case of a plan of life insurance or annuity that is of a nature that the minimum reserves cannot be determined by the methods described in Sections 10489.5, 10489.6, and 10489.9, the reserves that are held under the plan shall:

(a)Be appropriate in relation to the benefits and the pattern of premiums for that plan; and

(b)Be computed by a method that is consistent with the principles of this Standard Valuation Law, as determined by regulations promulgated by the commissioner.

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In the case of a plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company based on then estimates of future experience, or in the case of a plan of life insurance or annuity that is of a nature that the minimum reserves cannot be determined by the methods described in Sections 10489.5, 10489.6, and 10489.9, the reserves that are held under the plan shall:
(a)
Be appropriate in relation to the benefits and the pattern of premiums for that plan; and
(b)
Be computed by a method that is consistent with the principles of this Standard Valuation Law, as determined
by regulations promulgated by the commissioner.