Insurance Code section 1231

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.

Source: Section 1231, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=1231.­ (updated Jan. 1, 1982; accessed Jul. 28, 2025).

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Jul. 28, 2025

§ 1231's source at ca​.gov