California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 3 - Annual Statements
Premiums in Course of Collection
Section 2303.24 - Term and Universal Life Insurance Reserve Financing, Applicability
Sections 2303.23 through 2303.28 of this article shall apply to reinsurance treaties that cede liabilities pertaining to Covered Policies, as that term is defined in Section 2303.2(i), issued by any life insurance company domiciled in this state. Sections 2303.23 through 2303.28 and Sections 2303.1 through 2303.22 of this article shall both apply to such reinsurance treaties; provided, that in the event of a direct conflict between a provision of Sections 2303.23 through 2303.28, and a provision of Sections 2303.1 through 2303.22, of this article, the provision of Sections 2303.1 through 2303.22 of this article shall be construed to be inapplicable, but only to the extent necessary in order to resolve the conflict.
1. New section
filed 10-24-2006; operative 11-23-2006 (Register 2006, No. 43).
2. Change
without regulatory effect renumbering former section 2303.24 to section
2303.23 and renumbering former section
2303.25 to new section 2303.24,
including amendment of NOTE and Form AR-1, filed 3-25-2015 pursuant to section
100, title 1, California Code of
Regulations (Register 2015, No. 13).
3. Renumbering of former section
2303.24 to section
2303.22 and new section 2303.24 filed
11-27-2017; operative 1-1-2018 (Register 2017, No.
48).
Note: Authority cited: Sections 739.9, 922.85, 923, 10489.94 and 12921, Insurance Code; CalFarm Insurance Company v. Deukmejian, 48 Cal. 3d 805 (1989); and 20th Century Insurance Company v. Garamendi, 8 Cal. 4th 216 (1994). Reference: Sections 739, 900, 922.4, 922.5, 922.85, 923, 10489.1, 10489.12, 10489.96 and 12921, Insurance Code.
