ARTICLE 5. Inflation Escalator and Benefit Increases [10237. - 10237.6.]

Article 5 added by Stats. 1990, Ch. 530, Sec. 3.

§§ 10237–10237.6 · 7 sections

• § 10237 This article applies to all long-term care insurance policies delivered or issued for delivery in this state on or after January 1, 1991.
• § 10237.1 No insurer may deliver or issue for delivery a long-term care insurance policy or certificate in this state unless the insurer offers to each policyholder and…
• § 10237.2 If the policy is issued to a group, the required offering in Section 10237.1 shall be made to the group policyholder; except that if the policy is issued to a…
• § 10237.3 The offer in Section 10237.1 shall not be required of any of the following: (a) Life insurance policies or riders containing accelerated long-term care…
• § 10237.4 (a) Inflation protection benefit increases under a policy that contains these benefits shall continue without regard to an insured’s age, claim status or claim…
• § 10237.5 (a) An inflation protection provision that increases benefit levels annually in a manner so that the increases are compounded annually at a rate not less than…
• § 10237.6 (a) An insurer shall include the following information in or with the outline of coverage: (1) A graphic comparison of the benefit levels of a policy that…