§ 1231
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/ca/insurance-code/1231A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of this article the “published monthly average” means:
(a)Moody’s Corporate Bond Yield Average-Monthly Average Corporates as published by Moody’s Investors Service, Inc. or any successor thereto.
(b)In the event that Moody’s Corporate Bond Yield Average-Monthly Average Corporates is no longer published, a substantially similar average, established by the Legislature.