California § 10203.9. 10203.9. (Added by Stats. 1955, Ch. 664.)

California Statutes

§ 10203.9. — 10203.9. (Added by Stats. 1955, Ch. 664.)

California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 2. CHAPTER 2. Group Life Policies

In addition to the other specific circumstances under which a group life policy may be issued under this chapter a group life policy may be issued to an existing insured to replace an existing valid group life policy if:

(1)it provides the same benefits at the same or a lesser rate as the policy to be replaced:

(2)it offers such benefits to all persons covered by the policy to be replaced; and (3) 90 percent of all persons covered by the policy to be replaced become insured under the new policy.

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In addition to the other specific circumstances under which a group life policy may be issued under this chapter a group life policy may be issued to an existing insured to replace an existing valid group life policy if: (1) it provides the same benefits at the same or a lesser rate as the policy to be replaced: (2) it offers such benefits to all persons covered by the policy to be replaced; and (3) 90 percent of all persons covered by the policy to be replaced become insured under the new policy.

California § 10203.9. (10203.9. (Added by Stats. 1955, Ch. 664.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.