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Code · California · Insurance Code

§ 10237.6

97 words·~1 min read·/ca/insurance-code/10237-6

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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.
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