California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 12.3 - Valuation of Life Insurance Policies
Section 2542.1 - Purpose

Universal Citation: 10 CA Code of Regs 2542.1

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) The purpose of this article is to provide:

(1) Tables of select mortality factors and rules for their use;

(2) Rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and

(3) Rules concerning a minimum standard for the valuation of plans with secondary guarantees.

(b) The method for calculating Basic Reserves defined in this article will constitute the commissioners reserve valuation method for policies to which this article is applicable.

1. New section filed 11-19-2002; operative 1-1-2003 (Register 2002, No. 47).

Note: Authority cited: Section 10489.94, Insurance Code. Reference: Sections 10489.2, 10489.5 and 10489.94, Insurance Code.

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