Class Action:  Life Insurer Refuses To Comply With California Insurance Code

Mealey's (March 13, 2020, 5:19 PM EDT) -- SACRAMENTO, Calif. — A beneficiary of a life insurance policy filed a class action complaint on March 10 in a California federal court, alleging claims for declaratory relief, breach of contract, unfair competition and financial elder abuse against a life insurer for its purported refusal to comply with the mandatory provisions of California Insurance Code and common law that regulates the lapse and termination of life insurance policies (Sheryl Clark, et al. v. Transamerica Life Insurance Company, No. 20-00539, E.D. Calif.)...