California § 10232.96. 10232.96. (Added by Stats. 1997, Ch. 699, Sec. 6.5.)

California Statutes

§ 10232.96. — 10232.96. (Added by Stats. 1997, Ch. 699, Sec. 6.5.)

California § 10232.96.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 2.DIVISION 2. CLASSES OF INSURANCE

Part 2.PART 2. LIFE AND DISABILITY INSURANCE

Ch. 2.6.CHAPTER 2.6. Long-Term Care Insurance

Art. 3.ARTICLE 3. Administration and Enforcement

This text of California § 10232.96. (10232.96. (Added by Stats. 1997, Ch. 699, Sec. 6.5.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Insurance Code - INS Code § 10232.96. (2026).

Text

When a policy or certificate holder of an insurance contract issued prior to December 31, 1996, requests a material modification to the contract as defined by federal law or regulations, the insurer, prior to approving such a request, shall provide written notice to the policy or certificate holder that the contract change requested may constitute a material modification that jeopardizes the federal tax status of the contract and appropriate tax advice should therefore be sought.

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When a policy or certificate holder of an insurance contract issued prior to December 31, 1996, requests a material modification to the contract as defined by federal law or regulations, the insurer, prior to approving such a request, shall provide written notice to the policy or certificate holder that the contract change requested may constitute a material modification that jeopardizes the federal tax status of the contract and appropriate tax advice should therefore be sought.