California § 10237.6. 10237.6. (Added by Stats. 1997, Ch. 699, Sec. 22.)

California Statutes

§ 10237.6. — 10237.6. (Added by Stats. 1997, Ch. 699, Sec. 22.)

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. 5. ARTICLE 5. Inflation Escalator and Benefit Increases

(a)An insurer shall include the following information in or with the outline of coverage:

(1)A graphic comparison of the benefit levels of a policy that increases benefits at a compounded annual rate of not less than 5 percent over the policy period with a policy that does not increase benefits. The graphic comparison shall show benefit levels over at least a 20-year period.

(2)Any expected premium increases or additional premiums to pay for automatic or optional benefit increases.

(b)An insurer may use a reasonable hypothetical or graphic demonstration for purposes of this disclosure.

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(a)
An insurer shall include the following information in or with the outline of coverage:
(1)
A graphic comparison of the benefit levels of a policy that increases benefits at a compounded annual rate of not less than 5 percent over the policy period with a policy that does not increase benefits. The graphic comparison shall show benefit levels over at least a 20-year period.
(2)
Any expected premium increases or
additional premiums to pay for automatic or optional benefit increases.
(b)
An insurer may use a reasonable hypothetical or graphic demonstration for purposes of this disclosure.

California § 10237.6. (10237.6. (Added by Stats. 1997, Ch. 699, Sec. 22.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.