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 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

  § 2220.6. Time and Amount Equivalents.  

Latest version.
  • DEFINITIONS
    Periods of time or dollar amounts defining standards in this Article may also be expressed in rounded equivalents. For example, the following, respectively illustrate equivalent periods of time:
    (1) One month, four weeks and thirty days.
    (2) Three months, thirteen weeks and ninety days.
    (3) Twelve months, one year and three hundred sixty days.The following, respectively, illustrate equivalent dollar amounts:
    (1) “$100 per month” and “$25 per week.”
    (2) “$300 (or $280) per month” and “$70 per week” and “$10 per day.”
    A benefit payable as long as the insured shall live and remain disabled shall be deemed to be payable for a period of time not less than any period of time specified in the standards contained in this Article.