Insurance Code § 10509.970

CHAPTER 5.6. Life Insurance Cost Indexes

Current as of September 28, 2026Ins. Code, § 10509.970Official source ↗

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

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.