Any policy to which this article is applicable which does not contain a paid-up nonforfeiture benefit shall be construed as granting nonparticipating paid-up term insurance as a nonforfeiture benefit under subdivision (a) Section 10160.
Cal. Ins. Code § 10167
Standard Nonforfeiture Law for Life Insurance
Known as the Health Insurance Disclosure Act
The act spans §§ 10110–11549 (1,209 sections).
Applied in 1 court decision — leading case McCary v. John Hancock Mutual Life Insurance (1965)
Most recently applied in McCary v. John Hancock Mutual Life Insurance (August 1965)
Added by Stats. 1943, Ch. 955.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.