Insurance,
California Supreme Court
Sep. 10, 2021
Life insurance ruling highlights legislative awareness
In 2013, the California Legislature passed a consumer-friendly law requiring life insurers to comply with enhanced notice requirements before they could terminate coverage for nonpayment of premiums. A recent California Supreme Court decision clarifies the law.
Samuel Bruchey
Partner
Shernoff Bidart Echeverria LLP
301 N Canon Drive
Beverly Hills , CA 90210
Email: sbruchey@shernoff.com
In 2013, the California Legislature passed a consumer-friendly law requiring life insurers to comply with enhanced notice requirements before they could terminate coverage for nonpayment of premiums.
Insurance Code Sections 10113.71 and 10113.72, enacted Jan. 1, 2013, extended grace periods from 30 to 60 days, increased notice requirements, and obligated insurers to invite policyholders to designate a third party to receive lapse notific...
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McHugh v. Protective Life Insurance Co.
Insurance Code Sections 10113.71 and 10113.72 apply to all life insurance policies in force when these two sections went into effect, regardless of when the policies were originally issued.
