Cal. Code Regs. tit. 10 § 2645.8

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 2645.8 - Investment Income

The insurer's imbedded yield, plus the five-year average (1985 through 1989) of realized capital gains, shall be used in lieu of the projected yield. Imbedded yield shall be calculated as the insurer's net investment income, excluding capital gains, divided by the average of the insurer's year-end surplus and reserves for 1988 and 1989. The insurer's five-year average realized capital gains shall be calculated as the mean of the quotients, for each year 1985 through 1989, of the annual realized capital gains and the average of the insurer's year-end surplus and reserves for that year and the previous year.

Cal. Code Regs. Tit. 10, § 2645.8

1. New section filed 8-13-91 as an emergency; operative 8-13-91 (Register 92, No. 3). A Certificate of Compliance must be transmitted to OAL 12-11-91 or emergency language will be repealed by operation of law on the following day.
2. Repealed by operation of Government Code section 11346.1(g) (Register 92, No. 15).
3. New section refiled 2-14-92 as an emergency; operative 2-14-92 (Register 92, No. 15). A Certificate of Compliance must be transmittted to OAL 6-15-92 or emergency language will be repealed by operation of law on the following day.
4. Repealed by operation of Government Code section 11346.1(g) and new section filed 3-15-95; operative 3-15-95. Submitted to OAL for printing only pursuant to Government Code section 11343(a)(1) (Register 95, No. 11).

Note: Authority cited: Sections 1861.01 and 1861.05, Insurance Code; 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference: Sections 1861.01 and 1861.05, Insurance Code; Calfarm Insurance Company v. Deukmejian (1989) 48 Cal.3d 805.