CHAPTER 5.6. Life Insurance Cost Indexes [10509.970. - 10509.975.]

Chapter 5.6 added by Stats. 1996, Ch. 1106, Sec. 2.

§§ 10509.970–10509.975 · 6 sections

• § 10509.970 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…
• § 10509.971 (a) If, in connection with the selling of life insurance to which this chapter applies, an agent or insurer makes a presentation showing or comparing the cost…
• § 10509.972 (a) The Life Insurance Surrender Cost Index for level premium plans of insurance shall be calculated by applying the steps in the following paragraphs: (1)…
• § 10509.973 Any comparison must be used with caution and should not be emphasized to the point that actual premiums and policy benefits are overshadowed. Only similar…
• § 10509.974 (a) Except as provided in subdivision (b), this chapter shall apply to any solicitation, negotiation, or procurement of life insurance occurring within this…
• § 10509.975 (a) A life insurer shall provide to all prospective insureds a buyer’s guide prior to accepting the applicant’s initial premium or premium deposit. However, if…