California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 2. CLASSES OF INSURANCE |
Part 2. LIFE AND DISABILITY INSURANCE |
Chapter 5. General Regulation of Life Insurers |
ARTICLE 3. Valuation of Life Policies |
Section 10488.
Latest version.
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Reserves for all policies and contracts to which this article applies may be calculated, at the option of the insurer, according to any standards which produce greater aggregate reserves for all such policies and contracts than the minimum reserves required by this article.
(Added by Stats. 1943, Ch. 955.)