Insurance Code § 10509.970

CHAPTER 5.6. Life Insurance Cost Indexes

Current as of September 28, 2026Ins. Code, § 10509.970Official source ↗Ask about this

Added by Stats. 1996, Ch. 1106, Sec. 2. Effective January 1, 1997.

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 insurance over a period of years which does not recognize the time value of money, it shall be accompanied by a presentation which recognizes the time value of money.