Section 23045 - Applicability of IRC Sections 7702, 7702A, and 7702B For purposes of this part:
(a) Section 7702 of the Internal Revenue Code, relating to life insurance contract defined, shall apply, except as otherwise provided.(b) Section 7702A of the Internal Revenue Code, relating to modified endowment contract defined, shall apply, except as otherwise provided.(c)(1) Section 7702B of the Internal Revenue Code, relating to treatment of qualified long-term care insurance, shall apply, except as otherwise provided.(2) The amendments made by Section 844 of the Pension Protection Act of 2006 (Public Law 109-280) to Section 7702B of the Internal Revenue Code shall not apply.Ca. Rev. and Tax. Code § 23045
Amended by Stats 2010 ch 14 (SB 401),s 55, eff. 1/1/2011.