California Insurance Code

§ 10203.5

INS § 10203.5 Effective Jan 1, 2007Div. 2 · Part 2 · Ch. 2

Statute text

(a)Life insurance conforming to all the following conditions is another form of group life insurance:

(1)Covering one of the following groups:

(A)All members are or become borrowers from one financial institution, including subsidiary or affiliated persons, under an agreement to repay the sum borrowed.

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Legislative history

Amended by Stats. 2006, Ch. 538, Sec. 467. Effective January 1, 2007.