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Code · California · Insurance Code

§ 10509.970

56 words·~1 min read·/ca/insurance-code/10509-970

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It is the purpose of this chapter to assure prospective purchasers of life insurance that, when a presentation is made showing or comparing the cost of life insurance over a period of years which does not recognize the time value of money, it shall be accompanied by a presentation which recognizes the time value of money.
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