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News & Press: Advocacy

New Bill Update: AB 387, Policy Review Timing

Monday, January 4, 2016   (0 Comments)
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The new law will authorize the Insurance Commissioner to develop and publish new guidelines for insurers on the department's website for the purpose of streamlining and expediting the department's file review process for life and disability insurance forms. The law additionally clarifies and extends the period of time allowed for the department to review and approve policy forms and any associated risks and premium rates from 30 to 120 calendar days.

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