California § 11128 - The value of the trusteed assets referred to in Section 11127 shall be equal to t
Full text of California Public Contract Code - PCC § 11128 — The value of the trusteed assets referred to in Section 11127 shall be equal to t, with citation guidance and answers to common questions.
§ 11128. The value of the trusteed assets referred to in Section 11127 shall be equal to t
The value of the trusteed assets referred to in Section 11127 shall be equal to the sum of all of the following: (a) All of the indebtedness of that society in the United States having a fixed maturity. (b) The percentage, specified in subdivision (c), of that part of the tabular reserve which is applicable to its United States business in force. (c) If the valuation report prescribed by Section 11133 indicates that the degree of actuarial solvency of the society is 100 percent or greater, the percentage prescribed in subdivision (b) is 100 percent. Otherwise the percentage prescribed in subdivision (b) is that percentage, less than 100 percent, which is indicated in the valuation report to be the degree of that societyâs actuarial solvency. The society may maintain those trusteed assets in excess of the value herein prescribed.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 11128
What does Public Contract Code - PCC § 11128 cover?
Section 11128 ("The value of the trusteed assets referred to in Section 11127 shall be equal to t") 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 § 11128?
A common citation format is "Public Contract Code - PCC § 11128" (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 § 11128 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.