Cal. Insurance Code § 10203.9
Cal. Insurance Code § 10203.9
California · California Insurance Code · Status: effective
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- Citation
- Cal. Insurance Code § 10203.9, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/879915
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Full text
In addition to the other specific circumstances under which a group life policy may be issued under this chapter a group life policy may be issued to an existing insured to replace an existing valid group life policy if:
(1) it provides the same benefits at the same or a lesser rate as the policy to be replaced:
(2) it offers such benefits to all persons covered by the policy to be replaced; and (3) 90 percent of all persons covered by the policy to be replaced become insured under the new policy.