California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 2 - Policy Forms and Other Documents › Article 6.9 - Standard Credit Life and Credit Disability Policy Forms › Section 2249.13 - Notice of Proposed Insurance Blocks

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A-1
NOTICE OF PROPOSED INSURANCE
The credit life and/or disability insurance you applied for
					 will be effective only if we, ______________________________ Insurance Company,
					 ______________________________ agree to insure you. If we agree to insure you,
					 a policy or certificate which more full; describes the benefits and limitations
					 will be sent to you within 30 days. If we don't insure you, you will be sent a
					 refund or credit on your account of your premium. If you do not receive a
					 policy, a refund or a credit, contact your lender. The insurance will start on
					 the Effective Date in the Schedule.
A-2
NOTICE OF PROPOSED INSURANCE
The credit life insurance you applied for will be effective
					 only if we, ______________________________ Insurance Company,
					 ______________________________ agree to insure you. If we agree to insure you,
					 a policy or certificate which more fully describes the benefits and limitations
					 will be sent to you within 30 days. If we don't insure you, you will be sent a
					 refund or credit on your account of your premium. If you do not receive a
					 policy, a refund or a credit, contact your lender. The insurance will start on
					 the Effective Date in the Schedule.
A-3
NOTICE OF PROPOSED INSURANCE
The credit disability insurance you applied for will be
					 effective only if we, ______________________________ Insurance Company,
					 ______________________________ agree to insure you. If we agree to insure you,
					 a policy or certificate which more full; describes the benefits and limitations
					 will be sent to you within 30 days. If we don't insure you, you will be sent a
					 refund or credit on your account of your premium. If you do not receive a
					 policy, a refund or a credit, contact your lender. The insurance will start on
					 the Effective Date in the Schedule.
B-3
The amount of life insurance is the total amount due on the
					 loan (excluding unearned finance charges), outstanding on the date of the
					 insured borrower's death. If you select joint life, only one death benefit will
					 be payable. We won't pay any claim if you commit suicide within 6 months of the
					 Effective Date.
B-4
The amount of life insurance is the total amount due on the
					 loan (excluding unearned finance charges), outstanding on the date of the
					 insured borrower's death. We won't pay any claim if you commit suicide within 6
					 months of the Effective Date.
B-5
The amount of decreasing life insurance will be the
					 scheduled unpaid balance of your loan on the date of your death. If you select
					 joint life, only one death benefit will be payable. We won't pay any claim if
					 you commit suicide within 6 months of the Effective Date.
B-6
The amount of decreasing life insurance will be the
					 scheduled unpaid balance of your loan on the date of your death. We won't pay
					 any claim if you commit suicide within 6 months of the Effective Date.
B-7
The amount of level life insurance will stay the same
					 during the Term of Insurance. If you select joint life only one death benefit
					 will be payable. We won't pay any claim if you commit suicide within 6 months
					 of the Effective Date.
B-8
The amount of level life insurance will stay the same
					 during the Term of Insurance. We won't pay any claim if you commit suicide
					 within 6 months of the Effective Date.
B-9
The amount of life insurance is the total amount due on the
					 loan (excluding unearned finance charges), outstanding on the date of the
					 insured borrower's death. But we won't pay more than the Maximum Amount of Life
					 Insurance in the policy or certificate. If you select joint life, only one
					 death benefit will be payable. We won't pay any claim on an advance if you
					 commit suicide within 6 months after that advance.
B-10
The amount of life insurance is the total amount due on the
					 loan (excluding unearned finance charges), outstanding on the date of the
					 insured borrower's death. But we won't pay more than the Maximum Amount of Life
					 Insurance in the policy or certificate. We won't pay any claim on an advance if
					 you commit suicide within 6 months after that advance.
C-1
If you are insured for total disability insurance, we will
					 pay a benefit if you file proof that you became totally disabled while insured
					 and continue to be totally disabled for more than 30 days. Payment will be
					 calculated from the 31st day of disability. We won't pay the claim if your
					 disability:
1. is a result of normal
				  pregnancy or childbirth or
2. is a
				  result of an intentionally self-inflicted injury or
3. begins within 2 years after the Effective
				  Date as a result of a pre-existing medical condition. A pre-existing medical
				  condition is one for which you saw or were under treatment by a physician or a
				  chiropractor both within 6 months before
and
6 months after the
				  Effective Date shown in the Schedule.
C-3
If you are insured for total disability insurance, we will
					 pay a benefit if you file proof that you became totally disabled while insured
					 and continue to be totally disabled for more than 30 days. Payment will be
					 calculated from the 31st day of disability. We won't pay the claim if your
					 disability:
1. is a result of normal
				  pregnancy or childbirth or
2. is a
				  result of an intentionally self-inflicted injury or
3. as to each advance on your loan, begins
				  within 6 months after the date of the advance as a result of pre-existing
				  medical condition. A pre-existing medical condition is one for which you saw or
				  were under treatment by a physician or a chiropractor both within 6 months
				  before and 6 months after the date of the advance.
C-4
If you are insured for total disability insurance, we will
					 pay a benefit if you file proof that you became totally disabled while insured
					 and continue to be totally disabled for more than 30 days. Payment will be
					 calculated from the 31st day of disability. Payments will stop:
1. when you recover,
2. when benefits are paid to the Scheduled
				  Expiration Date, or
3. when
				  benefits are paid for the Maximum Disability Benefit Period, whichever comes
				  first.
We won't pay the claim if your disability:
1. is a result of normal pregnancy or
				  childbirth or
2. is a result of an
				  intentionally self-inflicted injury or
3. begins within 2 years after the Effective
				  Date as a result of a pre-existing medical condition. A pre-existing medical
				  condition is one for which you saw or were under treatment by a physician or a
				  chiropractor both within 6 months before and 6 months after the Effective Date
				  shown in the Schedule.
D-1
If your insurance stops before the Scheduled Expiration
					 Date in the Schedule, you will be given a refund of unearned premium.
(DRAFTING NOTE: The following paragraph must be printed in
					 at least 14-point type.)
You can cancel this insurance at any time by telling the
					 creditor that you want to do so. You will get back ALL the premium you paid for
					 this insurance if you tell us or the creditor to cancel it within 30 days after
					 you receive this certificate. If you cancel this insurance after 30 days, you
					 will not get back all the premium that you paid.
(DRAFTING NOTE: The following paragraph must be printed in
					 at least 14-point bold face type.)
If you have a question, problem or complaint about
					 this insurance, please contact the Creditor Beneficiary at the address and
					 phone number shown in the Schedule or us at (insert address and telephone
					 number of insurer). If we do not resolve your question, problem or complaint to
					 your satisfaction, you may then contact the
California Department of Insurance
300 South Spring Street
Los Angeles, CA 90013
(800) 927-4357 or (213) 897-8921
_________________________
Primary Borrower
D-2
If your insurance stops before the Final Installment Due
					 Date in the Schedule, you will be given a refund of unearned premium.
(DRAFTING NOTE: The following paragraph must be printed in
					 at least 14-point type.)
You can cancel this insurance at any time by telling the
					 creditor that you want to do so. You will get back ALL the premium you paid for
					 this insurance if you tell us or the creditor to cancel it within 30 days after
					 you receive this certificate. If you cancel this insurance after 30 days, you
					 will not get back all the premium that you paid.
(DRAFTING NOTE: The following paragraph must be printed in
					 at least 14-point bold face type.)
If you have a question, problem or complaint about
					 this insurance, please contact the Creditor Beneficiary at the address and
					 phone number shown in the Schedule or us at (insert address and telephone
					 number of insurer). If we do not resolve your question, problem or complaint to
					 your satisfaction, you may then contact the
California Department of Insurance
300 South Spring Street
Los Angeles, CA 90013
(800) 927-4357 or (213) 897-8921
_________________________
Primary Borrower
D-3
(DRAFTING NOTE: The following paragraph must be printed in
					 at least 14-point type.)
You can cancel this insurance at any time by telling the
					 creditor that you want to do so. You will get back ALL the premium you paid for
					 this insurance if you tell us or the creditor to cancel it within 30 days after
					 you receive this certificate. If you cancel this insurance after 30 days, you
					 will not get back all the premium that you paid.
(DRAFTING NOTE: The following paragraph must be printed in
					 at least 14-point bold face type.)
If you have a question, problem or complaint about
					 this insurance, please contact the Creditor Beneficiary at the address and
					 phone number shown in the Schedule or us at (insert address and telephone
					 number of insurer). If we do not resolve your question, problem or complaint to
					 your satisfaction, you may then contact the
California Department of Insurance
300 South Spring Street
Los Angeles, CA 90013
(800) 927-4357 or (213) 897-8921
_________________________
Primary Borrower
1. Repealer
					 and new section filed 7-25-83; effective thirtieth day thereafter (Register 83,
					 No. 31).
2. Amendment of paragraphs C-1, C-3, C-4 and repealer of
					 paragraph C-2 filed 5-23-85; effective thirtieth day thereafter (Register 85,
					 No. 21).
3. Amendment of section and NOTE filed 10-2-2006; operative
					 11-1-2006 (Register 2006, No. 40).
Note: Authority cited: Sections
						779.21 and
						779.27,
						Insurance Code. Reference: Sections
						510,
						779.3,
						779.7,
						779.14,
						779.27 and
						779.30,
						Insurance Code.