California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 2. CLASSES OF INSURANCE |
Part 2. LIFE AND DISABILITY INSURANCE |
Chapter 2.6. Long-Term Care Insurance |
ARTICLE 5. Inflation Escalator and Benefit Increases |
Section 10237.3.
Latest version.
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The offer in Section 10237.1 shall not be required of any of the following:
(a) Life insurance policies or riders containing accelerated long-term care benefits.
(b) Expense incurred long-term care insurance policies. For purposes of this subdivision, "expense incurred" does not include policies paying a certain percentage of reasonable and customary charges up to a specified, indemnity-type maximum amount.
(Added by Stats. 1990, Ch. 530, Sec. 3.)