California Insurance Code

§ 10176.10

INS § 10176.10 Effective Aug 21, 1997Div. 2 · Part 2 · Ch. 1 · Art. 4

Statute text

(a)On or after January 1, 1994, no disability insurer issuing policies covering hospital, surgical, or medical expenses delivered or renewed in this state or certificates of group disability insurance delivered or renewed in this state pursuant to a master group policy delivered or renewed in another state, to individuals, or to employer groups with fewer than two eligible employees, as defined in subdivision (g) of Section 10700, shall close a block of business without complying with this section.

(b)As used in this section, “block of business” means individual, group, or blanket disability insurance contracts covering hospital, medical, or surgical expenses of a particular policy form that has distinct benefits or marketing methods. “Closed block of business” means a block of business for which an insurer ceases to actively market and sell new contracts under a particular policy form in this state.

(c)Notwithstanding subdivision (b), a block of business shall be presumed closed if either of the following applies:

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Legislative history

Amended by Stats. 1997, Ch. 336, Sec. 27. Effective August 21, 1997.