California Insurance Code

§ 10235.95

INS § 10235.95 Effective Jan 1, 2009Div. 2 · Part 2 · Ch. 2.6 · Art. 4

Statute text

(a)Notwithstanding Section 10235, this section applies to all long-term care policies in force, regardless of their dates of issuance.

(b)Interest shall accrue and shall be payable to the claimant at the rate of 10 percent per annum on the amount of any accepted claim beginning on the first calendar day after the day that the payment of the accepted claim is due pursuant to Section 2695.7 of Title 10 of the California Code of Regulations or any successor to that provision, provided that the claim is accepted on or after December 1, 2008.

Legislative history

Added by Stats. 2008, Ch. 171, Sec. 2. Effective January 1, 2009.