§ 10486
56 words·~1 min read·
/ca/insurance-code/10486A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All policies of group insurance shall be segregated by the insurer into a separate class and the mortality experience kept separate. The number of policies, amount of insurance, reserves, premiums and payments to policyholders thereunder, together with the mortality table and interest assumption adopted by the insurer, shall be reported separately in its annual financial statement.