California Insurance Code

§ 10112.295

INS § 10112.295 Effective Jan 1, 2014Div. 2 · Part 2 · Ch. 1 · Art. 1

Statute text

(a)Levels of coverage for the nongrandfathered individual market are defined as follows:

(1)Bronze level: A health insurance policy in the bronze level shall provide a level of coverage that is actuarially equivalent to 60 percent of the full actuarial value of the benefits provided under the policy.

(2)Silver level: A health insurance policy in the silver level shall provide a level of coverage that is actuarially equivalent to 70 percent of the full actuarial value of the benefits provided under the policy.

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Legislative history

Added by Stats. 2013, Ch. 316, Sec. 12. (SB 639) Effective January 1, 2014.