Statute · California Insurance Code
Cal. Ins. Code § 10509.5 — Requirements for Replacement of Life Insurance and Annuity Policies
Cal. Ins. Code § 10509.5
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Every life insurer shall do the following:
Citator
Cal. Ins. Code § 10509.5 — Requirements for Replacement of Life Insurance and Annuity Policies is in force in the current edition of the Code, and nothing recorded condemns it.
Every life insurer shall do the following:
(a) Inform its field representatives or other personnel responsible for compliance with this article of the requirements of this article.
(b) Require with, or as part of, each completed application for life insurance or annuity a statement signed by the applicant as to whether such proposed insurance or annuity will replace existing life insurance or annuity.