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

California § 10237.6.

• Jurisdiction: 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

Text

(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.

Legislative History

Added by Stats. 1997, Ch. 699, Sec. 22. Effective October 6, 1997.