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CA AB1709
Bill
Status
Failed
2/1/2024
Primary Sponsor
Lisa Calderon
Click for details
AI Summary
- Amends Section 10509.959 of the Insurance Code to modify requirements for life insurance policy annual reports
- Adds internet website access as an additional method for policyowners to request in-force illustrations without charge, alongside phone calls and written requests
- Requires the notice in annual reports to inform insured parties they may submit illustration requests by accessing the insurer's internet website address
- Makes minor technical corrections to existing language regarding policy illustrations and acknowledgment requirements
Legislative Description
Life insurance policy illustrations.
Last Action
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2/1/2024
Committee Referrals
Insurance3/9/2023
Full Bill Text
No bill text available