California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 2 - Policy Forms and Other Documents
Article 1.5 - Standards for Determining Conformity of Individual Disability Policies with the Provisions of Paragraph (7) of Subdivision (b) of Section 10291.5 of the Insurance Code
Subarticle 2 - Standards
Section 2220.7 - Effect of Standards

Any policy containing a type of coverage which, under the provisions of Sections 2220.8 to 2220.30, inclusive, shall be deemed not sufficient to be of real economic value to insureds shall be disapproved by the Commissioner unless it is specifically demonstrated to the Commissioner in writing to the Commissioner's satisfaction that such coverage will be of real economic value to insureds under the special circumstances of issuance, in which case the Commissioner shall approve issuance of such policies only in such special circumstances. This section shall be liberally construed to permit experimentation and adaptation to economic or social changes, which the Commissioner hereby declares to be in the public interest.

1. Change without regulatory effect adopting subarticle 2 heading, removing subject heading and amending section filed 7-14-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 29). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.