You are here: California / Insurance Code - INS / ARTICLE 5. Valuation of Policies [11490. - 11490.] / Section 11490.


Section 11490. (Amended by Stats. 1982, Ch. 454, Sec. 118.)
Cite as: Cal. Ins. Code §11490.

Any life insurer which has transformed its business pursuant to this chapter shall value its assessment policies according to the standard of valuation which would be used in the absence of the transformation, and shall value its nonassessable reserve basis policies according to the standard of valuation set forth in Article 3 (commencing with Section 10478) of Chapter 5. The various kinds of insurance written shall be governed by the provisions of this code applicable thereto.



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