DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 10. Fraternal Benefit Societies 10970-11165›ARTICLE 7. Financial Matters 11120-11146
§ 11135
California Insurance Code · 2018-11 edition · updated 2026-10-04 · California
The present value of deferred payments due under incurred claims or matured certificates shall be deemed a liability of the society and shall be computed upon the mortality and interest basis assumed by the society for such valuation.
(Added by Stats. 1951, Ch. 1193.)
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