Ins. Code, § 10163.3 · Article 3a. Standard Nonforfeiture Law for Life Insurance
Ins. Code, § 10163.3
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
In the case of any 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 any plan of life insurance that is of such a nature that minimum values cannot be determined by the methods described in Section 10160, 10161, 10162, 10163, 10163.1, or 10163.2, then:
(a) The commissioner must be satisfied that the benefits provided under the plan are substantially as favorable to policyholders and insureds as the minimum benefits otherwise required by Section 10160, 10161, 10162, 10163, 10163.1, or 10163.2.
(b) The commissioner must be satisfied that the benefits and the pattern of premiums of that plan are not such as to mislead prospective policyholders or insureds.
(c) The cash surrender values and paid-up nonforfeiture benefits provided by the plan must not be less than the minimum values and benefits required for the plan computed by a method consistent with the principles of this Standard Nonforfeiture Law for Life Insurance, as determined by regulations promulgated by the commissioner.
Notes and commentary — not statutory text
History
Amended by Stats. 2004, Ch. 601, Sec. 1. Effective January 1, 2005.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=10163.3.
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- sha256 608ea2766a67b62a8be3d7109f3ac59e980e8f6ae830bd8b74fb46308d6d71c5
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Insurance Code
- Ins. Code, § 10160Printed as Section 10160, 10161, 10162, 10163, 10163.1, or 10163.2
- Ins. Code, § 10161Printed as Section 10160, 10161, 10162, 10163, 10163.1, or 10163.2
- Ins. Code, § 10162Printed as Section 10160, 10161, 10162, 10163, 10163.1, or 10163.2
- Ins. Code, § 10163Printed as Section 10160, 10161, 10162, 10163, 10163.1, or 10163.2
- Ins. Code, § 10163.1Printed as Section 10160, 10161, 10162, 10163, 10163.1, or 10163.2
- Ins. Code, § 10163.2Printed as Section 10160, 10161, 10162, 10163, 10163.1, or 10163.2
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.