California Insurance Code

§ 10295.1

INS § 10295.1 Effective Jan 1, 2019Div. 2 · Part 2 · Ch. 4 · Art. 2.1

Statute text

(a)An accelerated death benefit as defined in paragraph (1) of subdivision (b) of Section 10295 shall comply with, and shall explain all of, the following:

(1)That the accelerated death benefit is fixed at the time the insurer approves the request for the accelerated death benefit.

(2)That the payment of the accelerated death benefit is not conditioned on the receipt of long-term care or medical services.

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Legislative history

Amended by Stats. 2018, Ch. 98, Sec. 6. (AB 2180) Effective January 1, 2019.