§ 1231

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

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.

Other sections in Article 5.5 - Life Insurance Policy Loans

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