Cal. Ins. Code § 10168.8

Current through the 2023 Legislative Session.

Section 10168.8 - Calculation of benefits under contract with fixed scheduled considerations

Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.

Ca. Ins. Code § 10168.8

Added by Stats. 1979, Ch. 1093.