California Insurance Code

§ 10509.944

INS § 10509.944 Effective Jan 1, 2020Div. 2 · Part 2 · Ch. 5 · Art. 12

Statute text

(a)An insurer shall comply with the following requirements for performing a comparison of a policy, annuity contract, or retained asset account against the Death Master File:

(1)An insurer that has engaged in asymmetric conduct shall compare all in-force policies, annuity contracts, and retained asset accounts and policies that have lapsed from the date it first used the Death Master File to July 1, 2020, against the complete Death Master File to identify potential matches of its insureds.

(2)An insurer that has not engaged in asymmetric conduct shall compare all in-force policies, annuity contracts, and retained asset accounts and policies that have lapsed on or after January 1, 2019, against the complete Death Master File to identify potential matches of its insureds.

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Legislative history

Added by Stats. 2019, Ch. 286, Sec. 1. (SB 740) Effective January 1, 2020.