ARTICLE 2.1. Accelerated Death Benefits [10295. - 10295.19.]
Article 2.1 added by Stats. 2013, Ch. 345, Sec. 7.
§§ 10295–10295.19 · 20 sections
- § 10295 (a) An accelerated death benefit, as described in this section, shall not be offered, sold, issued, or marketed as health, accident, or long-term care…
- § 10295.1 (a) An accelerated death benefit as defined in paragraph (1) of subdivision (b) of Section 10295 shall comply with, and shall explain all of, the following:…
- § 10295.2 A life insurance contract with an accelerated death benefit or an accelerated death benefit in the form of a rider or endorsement shall be submitted for the…
- § 10295.3 (a) A written disclosure, as set forth below, shall be included with the filing for the commissioner’s approval, and shall be given to each applicant. The same…
- § 10295.4 An insurer shall file with the commissioner an actuarial memorandum prepared, dated, and signed by a member of the American Academy of Actuaries that includes…
- § 10295.5 (a) Applications, if any, or forms supporting an application, if any, for accelerated death benefits shall contain clear, unambiguous, short, and simple…
- § 10295.6 (a) When a policyholder or certificate holder requests an acceleration of death benefits, the insurer shall send a statement to the policyholder or certificate…
- § 10295.7 (a) The insurer may require a premium charge or cost of insurance charge for the accelerated death benefit. This charge shall be based on sound actuarial…
- § 10295.8 (a) An applicant for an accelerated death benefit shall have the right to return the accelerated death benefit policy or certificate by first-class United…
- § 10295.9 (a) Application forms for accelerated death benefits shall include a question designed to elicit information as to whether the accelerated death benefit is…
- § 10295.10 An insurer may not: (a) Cancel, nonrenew, or otherwise terminate an accelerated death benefit on the grounds of the age or the deterioration of the mental or…
- § 10295.11 (a) An accelerated death benefit shall not be advertised or marketed as long-term care insurance, nursing home insurance, or home care insurance. Any…
- § 10295.12 (a) Insurers shall ensure that agents offering, marketing, or selling accelerated death benefits on their behalf are able to describe the differences between…
- § 10295.13 In addition to other unfair trade practices described in this code, the following acts and practices in the sale of insurance under this article are…
- § 10295.14 (a) Accelerated death benefits shall comply with the provisions in Sections 10113.71 and 10113.72. (b) Every insurer offering term life insurance with…
- § 10295.15 (a) Except at the request of the policyholder or contractholder, all accelerated death benefit provisions or supplemental contracts shall be renewable for the…
- § 10295.16 Termination of an accelerated death benefit shall not prejudice the payment of benefits for any qualifying event that occurred while the accelerated death…
- § 10295.17 An insurer that fails to conform to the requirements provided under this article shall be subject to Article 6.5 (commencing with Section 790) of Chapter 1 of…
- § 10295.18 Accelerated death benefits shall not limit or exclude coverage by type of illness, treatment, medical condition, or accident, except under the circumstances…
- § 10295.19 A policy, certificate, rider, or endorsement shall include a provision giving the policyholder or certificate holder the right to appeal to the insurer a…