Ins. Code, § 10489.7 · Article 3a. Standard Valuation Law
Ins. Code, § 10489.7
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) A company’s aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, shall not be less than the aggregate reserves calculated in accordance with the methods set forth in Sections 10489.5, 10489.6, 10489.9, and 10489.93 and the mortality table or tables and rate or rates of interest used in calculating nonforfeiture benefits for the policies.
(b) The aggregate reserves for all policies, contracts, and benefits shall not be less than the aggregate reserves determined by the appointed actuary to be necessary to render the opinion required by Section 10489.15.
Notes and commentary — not statutory text
History
Amended by Stats. 2015, Ch. 658, Sec. 13. (SB 696) Effective January 1, 2016.
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=10489.7.
- Text hash
- sha256 7c514e5a2a3ac1d28dce40b1a671592cd9d892f19833fb08df4cc74cfc8cb219
- 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
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, § 10489.15Printed as Section 10489.15
- Ins. Code, § 10489.5Printed as Sections 10489.5, 10489.6, 10489.9, and 10489.93
- Ins. Code, § 10489.6Printed as Sections 10489.5, 10489.6, 10489.9, and 10489.93
- Ins. Code, § 10489.9Printed as Sections 10489.5, 10489.6, 10489.9, and 10489.93
- Ins. Code, § 10489.93Printed as Sections 10489.5, 10489.6, 10489.9, and 10489.93
Cited by 2 provisions
Provisions in this library whose text cites Ins. Code, § 10489.7. Each shows the citation as that text prints it.
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.