California High Court Asked To Clarify Application Of Insurance Code To Policy

Mealey's (February 10, 2021, 10:21 AM EST) -- SAN FRANCISCO — Appellants recently asked the California Supreme Court to clarify the application of California Insurance Code Sections 10113.71 and 10113.72 “consistent with their plain language and remedial purpose” and direct an appeals court to confirm the application of these statutes to a $1 million life insurance policy, arguing that the appeals court’s opinion “leaves vulnerable” senior and disabled policyholders that the statutes intended to protect....