™Your Policy Risk Impact Agent
127 chapters · 4,511 sections in this title.
Ins. Code § 10509.970 Section 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 presentatio…
Ins. Code § 10509.971 Section 10509.971
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(a) If, in connection with the selling of life insurance to which this chapter applies, an agent or insurer makes a presentation showing or comparing the cost of life insurance over a period of years which does not recognize the time value of money, the agent or insurer shall at …
Ins. Code § 10509.972 Section 10509.972
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(a) The Life Insurance Surrender Cost Index for level premium plans of insurance shall be calculated by applying the steps in the following paragraphs: (1) Select either a 10-year or a 20-year period, commencing with the first year of the policy, over which the analysis is to be …
Ins. Code § 10509.973 Section 10509.973
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Any comparison must be used with caution and should not be emphasized to the point that actual premiums and policy benefits are overshadowed. Only similar plans of insurance should be compared. Any dividend or nonguaranteed element used in calculating the Life Insurance Surrender…
