DIVISION 2. CLASSES OF INSURANCE 1880-12880.6›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 1. The Contract 10110-10198.10›ARTICLE 3. Policy Provisions Required 10150-10154

§ 10154

California Insurance Code · 2020-11 edition · updated 2026-10-04 · California

Any life policy issued upon the life of a resident of this State and delivered within this State, which does not contain an automatic nonforfeiture value in conformity with section 10151 shall be construed as granting the nonparticipating term insurance as provided in paragraph first of section 10151. Such a benefit shall be read into the policy.

(Enacted by Stats. 1935, Ch. 145.)

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California Insurance Code

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