Added by Stats. 1996, Ch. 1106, Sec. 2. Effective January 1, 1997.
It is the purpose of this chapter to assure prospective purchasers of life insurance that, when a presentation is made showing or comparing the cost of life insurance over a period of years which does not recognize the time value of money, it shall be accompanied by a presentation which recognizes the time value of money.
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Other sections in Chapter 5.6 - Life Insurance Cost Indexes