2013 California Code
Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE
PART 2. LIFE AND DISABILITY INSURANCE
CHAPTER 5.6. Life Insurance Cost Indexes
10509.975

CA Ins Code § 10509.975 (2013) What's This?

(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 the policy for which application is made contains an unconditional refund provision of at least 10 days, the buyer s guide shall be delivered with the policy or prior to delivery of the policy.

(b) For the purposes of this chapter, a buyer s guide is a document that contains, and is limited to, the current buyer s guide recommended for use by the National Association of Insurance Commissioners.

(Amended by Stats. 1997, Ch. 17, Sec. 90. Effective January 1, 1998.)

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