Insurance Code section 12927

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.

Source: Section 12927, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12927. (updated Jan. 1, 1935; accessed Jun. 24, 2026).

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Verified:
Jun. 24, 2026

§ 12927's source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_12927

Original Source: Section 12927, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12927. (last accessed May 12, 2025).