California Insurance Code CHAPTER 5.6 - Life Insurance Cost Indexes

  • Section 10509.970.
    It is the purpose of this chapter to assure prospective purchasers of life insurance that, when a presentation is made showing or comparing the cost...
  • Section 10509.971.
    (a) If, in connection with the selling of life insurance to which this chapter applies, an agent or insurer makes a presentation showing or comparing the...
  • Section 10509.972.
    (a) The Life Insurance Surrender Cost Index for level premium plans of insurance shall be calculated by applying the steps in the following paragraphs:(1) Select either a...
  • Section 10509.973.
    Any comparison must be used with caution and should not be emphasized to the point that actual premiums and policy benefits are overshadowed. Only similar...
  • Section 10509.974.
    (a) Except as provided in subdivision (b), this chapter shall apply to any solicitation, negotiation, or procurement of life insurance occurring within this state.(b) This chapter shall...
  • Section 10509.975.
    (a) A life insurer shall provide to all prospective insureds a buyer’s guide prior to accepting the applicant’s initial premium or premium deposit. However, if the...

Last modified: October 22, 2018