California Insurance Code

§ 10507.3

INS § 10507.3Div. 2 · Part 2 · Ch. 5 · Art. 6

Statute text

No policy of investment return assurance shall be delivered or issued for delivery to any person in this state unless each such policy does all of the following:

(a)Includes a statement on the first page thereof in boldface type that, in the event that the investment covered by the policy exceeds the benefit provided under the policy, there shall be no benefit.

(b)Provides for both of the following:

…

Legislative history

Added by Stats. 1971, Ch. 1566.