Cal. Code Regs. tit. 10 § 2582

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 2582 - Purpose

The purpose of this article is to recognize and permit the use of mortality tables that reflect differences in mortality between preferred and standard lives in determining minimum reserve liabilities in accordance with California Insurance Code Section 10489.2(a) of California's "Standard Valuation Law," California Insurance Code Section 11136(b)(1) of California's "Fraternal Benefit Societies" statutes, and California Code of Regulations Title 10, Chapter 5, Subchapter 3, Article 12.3 "Valuation of Life Insurance Policies," Sections 2542.4(a) and 2542.4(b).

Cal. Code Regs. Tit. 10, § 2582

1. New article 17.3 (sections 2582-2582.3) and section filed 12-31-2010; operative 12-31-2010 pursuant to Government Code section 11343.4 (Register 2010, No. 53).

Note: Authority cited: Sections 10489.2 and 11136, Insurance Code. Reference: Sections 10489.2 and 11136, Insurance Code.

1. New article 17.3 (sections 2582-2582.3) and section filed 12-31-2010; operative 12-31-2010 pursuant to Government Code section 11343.4 (Register 2010, No. 53).