California Insurance Code

§ 10234.85

INS § 10234.85Div. 2 · Part 2 · Ch. 2.6 · Art. 3.7

Statute text

No insurer, broker, agent, or other person shall cause a policyholder to replace a long term care insurance policy unnecessarily. Nothing in this section shall be construed to allow an insurer, broker, agent, or other person to cause a policyholder to replace a long term care insurance policy that will result in a decrease in benefits and an increase in premium. It shall be presumed that any third or greater policy sold to a policyholder in any 12-month period is unnecessary within the meaning of this section. This section shall not apply to those instances in which a policy is replaced solely for the purpose of consolidating policies with a single insurer.

Legislative history

Added by Stats. 1989, Ch. 631, Sec. 1.