California Insurance Code

§ 10509.970

INS § 10509.970 Effective Jan 1, 1997Div. 2 · Part 2 · Ch. 5.6

Statute text

It is the purpose of this chapter to assure prospective purchasers of life insurance that, when a presentation is made showing or comparing the cost of life insurance over a period of years which does not recognize the time value of money, it shall be accompanied by a presentation which recognizes the time value of money.

Legislative history

Added by Stats. 1996, Ch. 1106, Sec. 2. Effective January 1, 1997.