§ 10273.5. — 10273.5. (Added by Stats. 1961, Ch. 2047.)

California § 10273.5.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 2.: DIVISION 2. CLASSES OF INSURANCE
• Part 2.: PART 2. LIFE AND DISABILITY INSURANCE
• Ch. 4.: CHAPTER 4. Standard Provisions in Disability Policies
• Art. 1.: ARTICLE 1. Scope of Chapter and Definitions

Text

No person shall cause or permit to be issued, circulated or used any representation that a policy defined in Section 10273.3 is “non-can,” noncancelable (not cancelable) or noncancelable and guaranteed renewable.
No person shall cause or permit to be issued, circulated or used any representation concerning the right to continue a policy such as is defined in Section 10273.3 unless such representation contains a declaration of the terms under which the insurer has reserved the right to change the premium in a manner which shall not minimize or obscure the same.
Any person knowingly violating any provision of this section shall be subject to the penalties provided for misrepresentation by this code.

Legislative History

Added by Stats. 1961, Ch. 2047.