Cal. Insurance Code § 10509.974
Cal. Insurance Code § 10509.974
California · California Insurance Code · Status: effective · Effective 1999-01-01
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- Citation
- Cal. Insurance Code § 10509.974, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/880357
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Full text
(a) Except as provided in subdivision (b), this chapter shall apply to any solicitation, negotiation, or procurement of life insurance occurring within this state.
(b) This chapter shall not apply to:
(1) Variable life insurance.
(2) Individual and group annuity contracts.
(3) Credit life insurance.
(4) Life insurance policies with no illustrated death benefits on any individual exceeding ten thousand dollars ($10,000).
(5) Franchise life insurance.
(6) Group term life insurance.
(7) Life insurance policies issued in connection with pension and welfare plans as defined by and subject to the federal Employee Retirement Income Security Act (29 U.S.C. Sec. 1001 and following), as amended.