Ins. Code, § 10168.3 · Article 3b. Standard Nonforfeiture Law for Individual Deferred Annuities
Ins. Code, § 10168.3
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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.
Notes and commentary — not statutory text
History
Added by Stats. 1979, Ch. 1093.
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=10168.3.
- Text hash
- sha256 71ff2a14fe9704eac6690bb41ab1e7050d589e27a9799593d99fa4056e2f4003
- Composed by
- 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
Cited by 2 provisions
Provisions in this library whose text cites Ins. Code, § 10168.3. Each shows the citation as that text prints it.
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