§ 10237.5

California Insurance Code · 2026 edition · updated 2026-10-04 · California

(a) An inflation protection provision that increases benefit levels annually in a manner so that the increases are compounded annually at a rate not less than 5 percent shall be included in a long-term care insurance policy unless an insurer obtains a rejection of inflation protection signed by the policyholder.

(b) The rejection, to be included in the application or on a separate form, shall state: “I have reviewed the outline of coverage and the graphs that compare the benefits and premiums of this policy with and without inflation protection. Specifically, I have reviewed the plan, and I reject 5 percent annual compound inflation protection.

Signature of Applicant	Date”

(Amended by Stats. 1999, Ch. 947, Sec. 18. Effective January 1, 2000.)

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California Insurance Code

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