Statute · California Insurance Code
Cal. Ins. Code § 10509.970 — Life Insurance Cost Indexes
Cal. Ins. Code § 10509.970
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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 presentation which…
Citator
Cal. Ins. Code § 10509.970 — Life Insurance Cost Indexes is in force in the current edition of the Code, and nothing recorded condemns it.
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 presentation which recognizes the time value of money.