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§ 2644.19. Investment Income Factors.

10 CA ADC § 2644.19Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 5. Insurance Commissioner (Refs & Annos)
Subchapter 4.8. Review of Rates
Article 4. Determination of Reasonable Rates
10 CCR § 2644.19
§ 2644.19. Investment Income Factors.
(a) “Fixed investment income factor” means the projected yield, as defined in section 2644.20,
(1) multiplied by the ratio of the investment federal income tax factor and the underwriting federal income tax factor, as defined in section 2644.18,
(2) multiplied by the loss reserves ratio, as defined in section 2644.21.
Stated as a formula:
Fixed invest inc factor = yield x
FIT inv inc
x loss reserves ratio
FIT und
(b) “Variable investment income factor” means the projected yield, as defined in section 2644.20,
(1) multiplied by the ratio of the investment federal income tax factor and the underwriting federal income tax factor, as defined in section 2644.18,
(2) multiplied by the sum of
(A) the unearned premium reserves ratio, as defined in section 2644.21,
(B) plus the surplus ratio, as defined in section 2644.22.
Stated as a formula:
Var invest inc factor = yield x
FIT inv inc
x (uep reserves ratio +
FIT und
surplus ratio)

Credits

Note: Authority cited: Sections 1861.01 and 1861.05, Insurance Code; and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference: Sections 1861.01 and 1861.05, Insurance Code; and Calfarm Insurance Company v. Deukmejian (1989) 48 Cal.3d 805.
History
1. New section filed 8-13-91 as an emergency; operative 8-13-91 (Register 92, No. 3). A Certificate of Compliance must be transmitted to OAL 12-11-91 or emergency language will be repealed by operation of law on the following day.
2. Repealed by operation of Government Code section 11346.1(g) (Register 92, No. 15).
3. New section refiled 2-14-92 as an emergency; operative 2-14-92 (Register 92, No. 15). A Certificate of Compliance must be transmittted to OAL 6-15-92 or emergency language will be repealed by operation of law on the following day.
4. Repealed by operation of Government Code section 11346.1(g) and new section filed 3-15-95; operative 3-15-95. Submitted to OAL for printing only pursuant to Government Code section 11343(a)(1) (Register 95, No. 11).
5. Amendment of section heading and repealer and new section filed 1-3-2007; operative 4-3-2007. Submitted to OAL for printing only pursuant to Government Code section 11340.9(g) (Register 2007, No. 1).
6. Amendment filed 5-16-2008; operative 5-16-2008. Submitted to OAL for printing only pursuant to Government Code section 11340.9(g) (Register 2008, No. 20).
This database is current through 3/15/24 Register 2024, No. 11.
Cal. Admin. Code tit. 10, § 2644.19, 10 CA ADC § 2644.19
End of Document