Whenever an insurer provides an annual statement to a senior citizen policyowner of an individual life insurance policy or an individual annuity contract issued after January 1, 1995, the insurer shall also provide the current accumulation value and the current cash surrender value.
(Amended by Stats. 1994, Ch. 984, Sec. 3. Effective September 29, 1994.)
Last modified: October 25, 2018