Cal. Ins. Code § 10489
Current through the 2023 Legislative Session.
Any insurer which at any time shall have adopted any standard of valuation producing greater aggregate reserves than those calculated according to the minimum standard provided in this article or Article 3a of this chapter may, with the approval of the commissioner, adopt any lower standard of valuation, but not lower than the minimum therein provided.
Ca. Ins. Code § 10489