California · Insurance Code
INS §10237.6: (a) An insurer shall include the following information in or with the outline of coverage: (1) A graphic comparison of the benefit levels of a policy that increases benefits at a compounded annual rat
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(a) An insurer shall include the following information in or with the outline of coverage: (1) A graphic comparison of the benefit levels of a policy that increases benefits at a compounded annual rate of not less than 5 percent over the policy period with a policy that does not increase benefits. The graphic comparison shall show benefit levels over at least a 20-year period. (2) Any expected premium increases or additional premiums to pay for automatic or optional benefit increases. (b) An insurer may use a reasonable hypothetical or graphic demonstration for purposes of this disclosure.
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