INSURANCE CODE
SECTION 11490
11490. 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.
|