§ 10290. — 10290. (Amended by Stats. 2015, Ch. 691, Sec. 3.)

California § 10290.

• 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. 2.: ARTICLE 2. Approval of Commissioner

Text

A disability policy shall not be issued or delivered to any person in this state until both of the following conditions are met:
(a)
A copy of the form thereof and, if more than one class of risks is written, of the classification of risks, and the premium rates pertaining thereto are filed with the commissioner.
(b)
Either of the following occurs:
(1)
One hundred twenty calendar days expire without notice from the commissioner after the copy is filed.
(2)
The commissioner gives his or
her written approval prior to that time.

Legislative History

Amended by Stats. 2015, Ch. 691, Sec. 3. (AB 387) Effective January 1, 2016.