California Legal Codes and Statutes

§ 12927

Enacted by Stats. 1935, Ch. 145.

All statements, estimates, percentages, payments, and calculations, required by this code to be made, either by the commissioner or insurers, shall be made on the basis of lawful money of the United States.

Cite this section

Cal. Ins. Code § 12927 (2026)
https://ca.codecond.com/codes/ins/division-3-the-insurance-commissioner/chapter-2-powers-and-duties/article-1-generally/section-12927

Other sections in Article 1 - Generally

§ 12919§ 12920§ 12920.5§ 12921§ 12921.1§ 12921.15§ 12921.2§ 12921.3§ 12921.4§ 12921.5…§ 12928.5§ 12928.6§ 12928.7§ 12929§ 12930§ 12931§ 12935§ 12936§ 12937§ 12938

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.