Cal. Ins. Code § 11135

Current through the 2023 Legislative Session.

Section 11135 - Present value of deferred payments due

The present value of deferred payments due under incurred claims or matured certificates shall be deemed a liability of the society and shall be computed upon the mortality and interest basis assumed by the society for such valuation.

Ca. Ins. Code § 11135

Added by Stats. 1951, Ch. 1193.