Cal. Code Regs. tit. 10 § 2249.13

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 2249.13 - Notice of Proposed Insurance Blocks

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

Cal. Code Regs. Tit. 10, § 2249.13

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.

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).