{"code":"INS","codeName":"Insurance Code","section":"10509.970","citation":"Ins. Code, § 10509.970","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","url":"https://blackletter.si/insurance-code/division-2"},{"name":"PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]","url":"https://blackletter.si/insurance-code/division-2/part-2"},{"name":"CHAPTER 5.6. Life Insurance Cost Indexes [10509.970. - 10509.975.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-5.6"}],"history":"Added by Stats. 1996, Ch. 1106, Sec. 2.   Effective January 1, 1997.","effective":"1997-01-01","html":"<p>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.</p>","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.","otherVersions":[],"url":"https://blackletter.si/insurance-code/life-insurance-cost-indexes-10509-970","source":"California Legislative Information bulk export (pubinfo)"}