GroundRules
INS § 10168.3
Where this section sits in the code
- Insurance Code - INS
- DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]
- PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]
- CHAPTER 1. The Contract [10110. - 10198.10.]
- ARTICLE 3b. Standard Nonforfeiture Law for Individual Deferred Annuities [10168. - 10168.10.]
Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.
Collected 2026-09-14T05:56:33Z. Source file · JSON