California Insurance Code

§ 10295.2

INS § 10295.2 Effective Jan 1, 2014Div. 2 · Part 2 · Ch. 4 · Art. 2.1

Statute text

A life insurance contract with an accelerated death benefit or an accelerated death benefit in the form of a rider or endorsement shall be submitted for the approval of the commissioner in the same manner as required under Section 10292 and shall be submitted with the following additional information:

(a)The term “accelerated death benefit” shall be included in the descriptive title of the filing.

(b)A statement of the specific policy forms with which this accelerated death benefit will be offered, any underwriting restrictions involving face amount or age, and whether the accelerated death benefit is intended for use with new issues or in force business, or both.

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Legislative history

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