California Insurance Code

§ 10295.12

INS § 10295.12 Effective Jan 1, 2014Div. 2 · Part 2 · Ch. 4 · Art. 2.1

Statute text

(a)Insurers shall ensure that agents offering, marketing, or selling accelerated death benefits on their behalf are able to describe the differences between benefits provided under an accelerated death benefit and benefits provided under long-term care insurance, as follows:

(1)The difference between the benefits afforded to an insured through an accelerated death benefit and a long-term care insurance policy or rider.

(2)The differences between benefit eligibility criteria.

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Legislative history

Added by Stats. 2013, Ch. 345, Sec. 7. (SB 281) Effective January 1, 2014.