§ 11490
76 words·~1 min read·
/ca/insurance-code/11490A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.