California Insurance Code

§ 1231

INS § 1231Div. 1 · Part 2 · Ch. 2 · Art. 5.5

Statute text

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.

Legislative history

Added by Stats. 1982, Ch. 1351, Sec. 3.