California Insurance Code

§ 10235.52

INS § 10235.52 Effective Jan 1, 2018Div. 2 · Part 2 · Ch. 2.6 · Art. 4

Statute text

(a)Each policy shall contain a provision that, if the insurer develops new benefits or benefit eligibility or new policies with new benefits or benefit eligibility not included in the previously issued policy, the insurer shall grant current holders of its policies who are not in benefit or within the elimination period all of the following rights:

(1)The insurer shall notify the policyholder of the availability of the new benefits or benefit eligibility or new policy within 12 months of the date that the new policy series is made available for sale in this state. The insurer shall file the notice with the department at the same time as the new policy or rider.

(2)The insurer shall offer the policyholder new benefits or benefit eligibility in one of the following ways:

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Legislative history

Amended by Stats. 2017, Ch. 561, Sec. 140. (AB 1516) Effective January 1, 2018.