California Insurance Code ARTICLE 5 - Inflation Escalator and Benefit Increases

• Section 10237.
  This article applies to all long-term care insurance policies delivered or issued for delivery in this state on or after January 1, 1991.(Added by Stats....
• Section 10237.1.
  No insurer may deliver or issue for delivery a long-term care insurance policy or certificate in this state unless the insurer offers to each policyholder...
• Section 10237.2.
  If the policy is issued to a group, the required offering in Section 10237.1 shall be made to the group policyholder; except that if the...
• Section 10237.3.
  The offer in Section 10237.1 shall not be required of any of the following:(a) Life insurance policies or riders containing accelerated long-term care benefits.(b) Expense incurred long-term...
• Section 10237.4.
  (a) Inflation protection benefit increases under a policy that contains these benefits shall continue without regard to an insured’s age, claim status or claim history, or...
• Section 10237.5.
  (a) An inflation protection provision that increases benefit levels annually in a manner so that the increases are compounded annually at a rate not less than...
• Section 10237.6.
  (a) An insurer shall include the following information in or with the outline of coverage:(1) A graphic comparison of the benefit levels of a policy that increases...

Last modified: October 22, 2018