ARTICLE 5.9. Credit Life and Disability Insurance [779.1. - 779.36.]

Article 5.9 added by Stats. 1959, Ch. 1667.

§§ 779.1–779.36 · 34 sections

§ 779.1 The purpose of this article is to promote the public welfare by regulating credit life insurance and credit disability insurance. Nothing in this article is…
§ 779.2 All life insurance and all disability insurance sold in connection with loans or other credit transactions shall be subject to the provisions of this article,…
§ 779.3 Credit life insurance and credit disability insurance shall be issued only in the following forms: (a) Individual policies of life insurance issued to debtors…
§ 779.4 (a) The amount of credit life insurance and credit disability insurance shall not exceed, but, except as provided in subdivision (b), may be less than, the…
§ 779.5 The term of any credit life insurance or credit disability insurance shall, subject to acceptance by the insurer, commence on the date when the debtor becomes…
§ 779.6 Notwithstanding the provisions of Section 10203.5, all credit life insurance and credit disability insurance subject to this article shall be evidenced by an…
§ 779.7 If a creditor requires a debtor to make any payment for credit life insurance or credit disability insurance, and an individual policy or group certificate of…
§ 779.8 All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders delivered or issued for delivery in…
§ 779.9 The commissioner shall within 30 days after the filing of any such policies, certificates of insurance, notices of proposed insurance, applications for…
§ 779.10 The provisions of Sections 10290 and 10291 relating to the filing, approval and disapproval of disability policy forms shall be applicable to forms, whether of…
§ 779.11 The provisions of subdivisions (f) and (g) of Section 10291.5 shall be applicable to the withdrawal of the approval of forms, whether of life or disability…
§ 779.12 Any order or final determination of the commissioner under the provisions of Sections 779.8 to 779.11, both inclusive, shall be subject to judicial review.
§ 779.12a If a group policy of credit life insurance or credit disability insurance (1) has been delivered in this State before September 18, 1959, or (2) has been or is…
§ 779.13 Any insurer may revise its schedules of premium rates from time to time, and shall file such revised schedules with the commissioner. No insurer shall issue…
§ 779.14 (a) Each individual policy, group certificate, or notice of proposed insurance shall provide that in the event of termination of the insurance prior to the…
§ 779.15 If a creditor requires a debtor to make any payment for credit life insurance or credit disability insurance and an individual policy or group certificate of…
§ 779.16 The amount charged to a debtor for any credit life or credit disability insurance shall not exceed the premium rates filed with the commissioner for the…
§ 779.17 Nothing in this act shall be construed to authorize any charge now prohibited under any statute or rule governing credit transactions, irrespective of whether…
§ 779.18 All policies of credit life insurance and credit disability insurance shall be delivered or issued for delivery in this State only by an admitted insurer, and…
§ 779.19 All claims shall be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. All claims…
§ 779.20 When credit life insurance or credit disability insurance is required as additional security for any indebtedness, the debtor shall, upon request to the…
§ 779.21 The commissioner may adopt, pursuant to Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code, reasonable rules…
§ 779.22 The commissioner, in his discretion, may revoke or suspend the license or certificate of authority of any person guilty of a violation of any provisions of…
§ 779.23 Whenever the commissioner finds that there has been a violation by an insurer of this article or any rules or regulations issued pursuant thereto, he shall…
§ 779.24 Any party affected by an order of the commissioner shall be entitled to judicial review in accordance with the provisions of Section 12940.
§ 779.25 If any provision of this article, or the application of such provision to any person or circumstances, shall be held invalid, the remainder of the article, and…
§ 779.26 Credit life insurance and credit disability insurance within the scope of this article, where the form of policy including the premium rates pertaining thereto…
§ 779.27 In accordance with this article and the regulations adopted pursuant to Section 779.21, the commissioner shall, after notice and public hearing, promulgate…
§ 779.28 For purposes of establishing the fact of disability in credit disability insurance, chiropractors’ certifications of disability when made within the scope of…
§ 779.30 (a) An individual policy or group certificate may exclude from credit disability insurance coverage only those preexisting illnesses, diseases, or physical…
§ 779.31 The debtor shall have the right to terminate credit life insurance or credit disability insurance at any time for any reason upon notice to the creditor. A…
§ 779.32 (a) The term “compensation,” for the purpose of this article means any valuable consideration including, but not limited to, all paid or credited commissions,…
§ 779.33 The use of compensating balances or special deposit accounts in connection, either directly or indirectly, with a credit life insurance program or a credit…
§ 779.36 (a) The commissioner shall adopt regulations that become effective no later than January 1, 2001, specifying prima facie rates based upon presumptive loss…