Statute · California Insurance Code
Cal. Ins. Code § 10232.96 — General Provisions
Cal. Ins. Code § 10232.96
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 1997-10-06
- Current through
- Nov 2, 2026 (California Legislative Counsel)
When a policy or certificate holder of an insurance contract issued prior to December 31, 1996, requests a material modification to the contract as defined by federal law or regulations, the insurer, prior to approving such a request, shall provide written notice to the policy or certificate…
Citator
Cal. Ins. Code § 10232.96 — General Provisions is in force in the current edition of the Code, and nothing recorded condemns it.
When a policy or certificate holder of an insurance contract issued prior to December 31, 1996, requests a material modification to the contract as defined by federal law or regulations, the insurer, prior to approving such a request, shall provide written notice to the policy or certificate holder that the contract change requested may constitute a material modification that jeopardizes the federal tax status of the contract and appropriate tax advice should therefore be sought.