§ 10509.974. — 10509.974. (Amended by Stats. 1998, Ch. 379, Sec. 2.)

California § 10509.974.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 2.: DIVISION 2. CLASSES OF INSURANCE
• Part 2.: PART 2. LIFE AND DISABILITY INSURANCE
• Ch. 5.6.: CHAPTER 5.6. Life Insurance Cost Indexes

Text

(a)
Except as provided in subdivision (b), this chapter shall apply to any solicitation, negotiation, or procurement of life insurance occurring within this state.
(b)
This chapter shall not apply to:
(1)
Variable life insurance.
(2)
Individual and group annuity contracts.
(3)
Credit life insurance.
(4)
Life insurance policies with no illustrated death benefits on any individual exceeding ten thousand dollars ($10,000).
(5)
Franchise life insurance.
(6)
Group term life insurance.
(7)
Life insurance policies issued in connection with pension and welfare plans as defined by and subject to the federal Employee Retirement Income Security Act (29 U.S.C. Sec. 1001 and following), as amended.

Legislative History

Amended by Stats. 1998, Ch. 379, Sec. 2. Effective January 1, 1999.