California § 10234.85. 10234.85. (Added by Stats. 1989, Ch. 631, Sec. 1.)

California Statutes

§ 10234.85. — 10234.85. (Added by Stats. 1989, Ch. 631, Sec. 1.)

California·Code INS Insurance 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. 3.7. ARTICLE 3.7. Consumer Protection

No insurer, broker, agent, or other person shall cause a policyholder to replace a long term care insurance policy unnecessarily. Nothing in this section shall be construed to allow an insurer, broker, agent, or other person to cause a policyholder to replace a long term care insurance policy that will result in a decrease in benefits and an increase in premium.
It shall be presumed that any third or greater policy sold to a policyholder in any 12-month period is unnecessary within the meaning of this section.  This section shall not apply to those instances in which a policy is replaced solely for the purpose of consolidating policies with a single insurer.

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No insurer, broker, agent, or other person shall cause a policyholder to replace a long term care insurance policy unnecessarily. Nothing in this section shall be construed to allow an insurer, broker, agent, or other person to cause a policyholder to replace a long term care insurance policy that will result in a decrease in benefits and an increase in premium.
It shall be presumed that any third or greater policy sold to a policyholder in any 12-month period is unnecessary within the meaning of this section. This section shall not apply to those instances in which a policy is replaced solely for the purpose of consolidating policies with a single insurer.

California § 10234.85. (10234.85. (Added by Stats. 1989, Ch. 631, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.