California Code of Regulations (Last Updated: August 6, 2014) |
Title 10. Investment |
Chapter 5. Insurance Commissioner |
Subchapter 2. Policy Forms and Other Documents |
Article 1.5. Standards for Determining Conformity of Individual Disability Policies with the Provisions of Paragraph (7) of Subdivision (b) of Section 10291.5 of the Insurance Code |
§ 2220.14. Dismemberment Amounts.
Latest version.
- DISMEMBERMENT AND ACCIDENTAL DEATH BENEFITSA benefit for dismemberment regardless of whether resulting from accident or sickness [excluding any such benefit for which an amount is determined in accordance with the provisions of Insurance Code Section 10291.5 (b) (8)] shall be deemed not sufficient to be of real economic value to the insured if:(a) When a double dismemberment, its amount is less than $1000; and(b) When a single dismemberment, its amount is less than $500.