California § 10509.973 - Any comparison must be used with caution and should not be emphasized to the poin
Full text of California Public Contract Code - PCC § 10509.973 — Any comparison must be used with caution and should not be emphasized to the poin, with citation guidance and answers to common questions.
§ 10509.973. Any comparison must be used with caution and should not be emphasized to the poin
Any comparison must be used with caution and should not be emphasized to the point that actual premiums and policy benefits are overshadowed. Only similar plans of insurance should be compared. Any dividend or nonguaranteed element used in calculating the Life Insurance Surrender Cost Index or the Life Insurance Net Payment Cost Index shall be based on nonguaranteed elements calculated according to the standards required in Chapter 5.5 (commencing with Section 10509.950). With respect to participating policies, care must be taken to describe the policy dividend as a refund or return of part of the premium paid, which is not guaranteed and which is dependent on the investment earnings, mortality experience, and expense experience of the insurer.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 10509.973
What does Public Contract Code - PCC § 10509.973 cover?
Section 10509.973 ("Any comparison must be used with caution and should not be emphasized to the poin") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 10509.973?
A common citation format is "Public Contract Code - PCC § 10509.973" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 10509.973 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.