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CA AB1563
Bill
Status
Engrossed
4/22/2021
Primary Sponsor
Insurance
Click for details
AI Summary
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Requires insurers to include their internet website address as an additional method for policyowners to request annual life insurance policy illustrations without charge.
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Applies to annual reports on life insurance policies designated for use of illustrations that do not include an in-force illustration.
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Maintains existing requirements that policyowners can request illustrations by phone, mail, or through an agent, now adding online access as an option.
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Requires the notice to inform policyowners they should request current illustrations before considering policy replacement or making coverage changes.
Legislative Description
Life insurance policy illustrations.
Last Action
Referred to Com. on INS.
5/12/2021
Committee Referrals
Insurance5/12/2021
Rules4/26/2021
Insurance3/11/2021
Full Bill Text
No bill text available