ARTICLE 3a. Standard Nonforfeiture Law for Life Insurance [10159.1. - 10167.5.]
Heading of Article 3a amended by Stats. 1983, Ch. 101, Sec. 147.
§§ 10159.1–10167.5 · 17 sections
- § 10159.1 (a) This article is applicable only to policies and contracts issued on or after the operative date as to such policies or contracts of this article. (b) The…
- § 10159.2 After December 31, 1943, any insurer may file with the commissioner a written notice of its election to comply with the provisions of this article as to any or…
- § 10160 Except as provided in Section 10165, no policy of life insurance shall be delivered or issued for delivery in this state unless it shall contain in substance…
- § 10161 Any cash surrender value available under the policy in the event of default in a premium payment due on any policy anniversary, whether or not required by…
- § 10162 Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such that its…
- § 10163 This section shall not apply to policies issued on or after the operative date of Section 10163.2 as defined therein. Except as provided in the third paragraph…
- § 10163.1 (a) In the case of ordinary policies issued on or after the operative date of this subdivision as defined herein, all adjusted premiums and present values…
- § 10163.2 (a) This section shall apply to all policies issued on or after the operative date of this section as defined herein. Except as provided in subdivision (g),…
- § 10163.3 In the case of any plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company…
- § 10163.35 (a) Notwithstanding any other provision of law, the form of any policy, contract, or certificate providing life insurance that is subject to this article shall…
- § 10164 Any cash surrender value and any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due at any time other…
- § 10164.1 This section shall apply to all policies issued on or after January 1, 1986. Any cash surrender value available under the policy in the event of default in a…
- § 10164.2 (a) For a policy of individual life insurance that is surrendered by the policy owner, the insurer shall return to the owner all moneys due in relation to that…
- § 10165 This article shall not apply to any of the following: (a) Reinsurance. (b) Group insurance. (c) Pure endowment. (d) Annuity or reversionary annuity contract.…
- § 10166 No agreement between the insurer and the policyholder or applicant for insurance contrary to this article shall be held to waive any of the provisions of this…
- § 10167 Any policy to which this article is applicable which does not contain a paid-up nonforfeiture benefit shall be construed as granting nonparticipating paid-up…
- § 10167.5 (a) Whenever a nonforfeiture benefit is implemented by a life insurer in connection with a defaulting policyowner, the insurer shall provide a notice to the…