California Insurance Code

§ 10509.6

INS § 10509.6 Effective Jan 1, 2015Div. 2 · Part 2 · Ch. 5 · Art. 8

Statute text

Every life insurer that uses an agent in a life insurance or annuity sale shall do the following:

(a)Require with or as part of each completed application for life insurance or annuity, a statement signed by the agent as to whether he or she knows a replacement is or may be involved in the transaction.

(b)Where a replacement is involved:

…

Legislative history

Repealed (in Sec. 9) and added by Stats. 2014, Ch. 166, Sec. 10. (AB 2347) Effective January 1, 2015. Section operative July 1, 2015, by its own provisions.