California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 12.2 - Standard Supplemental Disclosure Forms for Disability Insurance
Section 2540.3 - Disclosure Forms for Use with Policies

Universal Citation: 10 CA Code of Regs 2540.3
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

Supplemental disclosure forms for use with policies shall contain the text and shall be in the format of the prototype forms set forth in Section 2540.5 and shall contain no material of an advertising nature, except for the insurer's logotype. Such forms shall be plainly printed in no smaller than 11-point type. Text which is capitalized or underscored in the prototype forms may be emphasized by other means which provide prominence equivalent to such capitalization or underscoring. Disclosure forms which are physically incorporated into advertisements shall not be intermingled with the text of such advertisements and shall be given prominence relative to that of surrounding text.

Where a policy is issued with benefits, exceptions, reductions, limitations, renewal provisions or premiums different from those in the policy as applied for, an amendment to the original disclosure form or a new disclosure form shall be delivered with the policy. Such amendment, together with the original disclosure form, or such new disclosure form shall properly describe the policy as issued and shall contain a statement, which shall be given prominence relative to that of surrounding text, to the following effect: "NOTICE: Read this outline of coverage carefully. It is not identical to the outline of coverage provided upon application and the coverage originally applied for has not been issued." Where the only difference between the policy as applied for and the policy as issued is the premium, the foregoing statement may be modified appropriately. An amendment to the disclosure form or a new disclosure form need not be delivered with the policy where modification of the policy features set forth above is effected by a rider to the policy which must be signed by the insured upon delivery of the policy.

1. Amendment filed 1-8-76; effective thirtieth day thereafter (Register 76, No. 2).

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