California Insurance Code ARTICLE 5.9 - Credit Life and Disability Insurance

Section 779.1.
The purpose of this article is to promote the public welfare by regulating credit life insurance and credit disability insurance. Nothing in this article is...
Section 779.2.
All life insurance and all disability insurance sold in connection with loans or other credit transactions shall be subject to the provisions of this article,...
Section 779.3.
Credit life insurance and credit disability insurance shall be issued only in the following forms:(a) Individual policies of life insurance issued to debtors on the term...
Section 779.4.
(a) The amount of credit life insurance and credit disability insurance shall not exceed, but, except as provided in subdivision (b), may be less than, the...
Section 779.5.
The term of any credit life insurance or credit disability insurance shall, subject to acceptance by the insurer, commence on the date when the debtor...
Section 779.6.
Notwithstanding the provisions of Section 10203.5, all credit life insurance and credit disability insurance subject to this article shall be evidenced by an individual policy,...
Section 779.7.
If a creditor requires a debtor to make any payment for credit life insurance or credit disability insurance, and an individual policy or group certificate...
Section 779.8.
All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders delivered or issued for delivery in this state and the...
Section 779.9.
The commissioner shall within 30 days after the filing of any such policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and...
Section 779.10.a.
The provisions of Sections 10290 and 10291 relating to the filing, approval and disapproval of disability policy forms shall be applicable to forms, whether of...
Section 779.11.
The provisions of subdivisions (f) and (g) of Section 10291.5 shall be applicable to the withdrawal of the approval of forms, whether of life or...
Section 779.12.
Any order or final determination of the commissioner under the provisions of Sections 779.8 to 779.11, both inclusive, shall be subject to judicial review.(Added by...
Section 779.12a.
If a group policy of credit life insurance or credit disability insurance (1) has been delivered in this State before September 18, 1959, or (2)...
Section 779.13.
Any insurer may revise its schedules of premium rates from time to time, and shall file such revised schedules with the commissioner. No insurer shall...
Section 779.14.
(a) Each individual policy, group certificate, or notice of proposed insurance shall provide that in the event of termination of the insurance prior to the scheduled...
Section 779.15.
If a creditor requires a debtor to make any payment for credit life insurance or credit disability insurance and an individual policy or group certificate...
Section 779.16.
The amount charged to a debtor for any credit life or credit disability insurance shall not exceed the premium rates filed with the commissioner for...
Section 779.17.
Nothing in this act shall be construed to authorize any charge now prohibited under any statute or rule governing credit transactions, irrespective of whether the...
Section 779.18.
All policies of credit life insurance and credit disability insurance shall be delivered or issued for delivery in this State only by an admitted insurer,...
Section 779.19.
All claims shall be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. All claims shall...
Section 779.20.a.
When credit life insurance or credit disability insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have...
Section 779.21.
The commissioner may adopt, pursuant to Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code,...
Section 779.22.
The commissioner, in his discretion, may revoke or suspend the license or certificate of authority of any person guilty of a violation of any provisions...
Section 779.23.
Whenever the commissioner finds that there has been a violation by an insurer of this article or any rules or regulations issued pursuant thereto, he...
Section 779.24.
Any party affected by an order of the commissioner shall be entitled to judicial review in accordance with the provisions of Section 12940.(Added by Stats....
Section 779.25.
If any provision of this article, or the application of such provision to any person or circumstances, shall be held invalid, the remainder of the...
Section 779.26.
Credit life insurance and credit disability insurance within the scope of this article, where the form of policy including the premium rates pertaining thereto have...
Section 779.27.
In accordance with this article and the regulations adopted pursuant to Section 779.21, the commissioner shall, after notice and public hearing, promulgate regulations setting forth...
Section 779.28.
For purposes of establishing the fact of disability in credit disability insurance, chiropractors’ certifications of disability when made within the scope of their license shall...
Section 779.30.a.
(a) An individual policy or group certificate may exclude from credit disability insurance coverage only those preexisting illnesses, diseases, or physical conditions for which the debtor...
Section 779.31.
The debtor shall have the right to terminate credit life insurance or credit disability insurance at any time for any reason upon notice to the...
Section 779.32.
(a) The term “compensation,” for the purpose of this article means any valuable consideration including, but not limited to, all paid or credited commissions, contingent commissions,...
Section 779.33.
The use of compensating balances or special deposit accounts in connection, either directly or indirectly, with a credit life insurance program or a credit disability...
Section 779.36.
(a) The commissioner shall adopt regulations that become effective no later than January 1, 2001, specifying prima facie rates based upon presumptive loss ratios, with rates...

Last modified: October 22, 2018