Skip to content
ChatProjectCodes

DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 1. The Contract 10110-10198.10›ARTICLE 3b. Standard Nonforfeiture Law for Individual Deferred Annuities 10168-10168.10

§ 10168.3

California Insurance Code · 2018-11 edition · updated 2026-10-04 · California

Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.

(Added by Stats. 1979, Ch. 1093.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — California Insurance Code
California Insurance Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.