CA AB565

Clarifies that group policyholder may elect coverage for dependent children over the age of majority at age variations up to the limiting age (maximum 26 years old, or older if incapacitated and dependent).

Requires insurers to waive all premiums or monthly deductions for group life insurance policyholders who become totally disabled before age 60, extending the waiver period up to age 65 (previously ended at disability end date).

Permits insurers to collect premiums or monthly deductions from group life insurance policyholders who become totally disabled at or after age 60 (removes prior requirement to waive premiums up to age 65).

Requires insurers offering renewals for group life insurance policies issued before January 1, 2017 to continue the existing supplemental benefit and may offer the option to change waiver terms under the new rules.