Cal. Ins. Code § 10235.95

Current through the 2023 Legislative Session.
Section 10235.95 - Rate of interest payable to claimant
(a) Notwithstanding Section 10235, this section applies to all long-term care policies in force, regardless of their dates of issuance.
(b) Interest shall accrue and shall be payable to the claimant at the rate of 10 percent per annum on the amount of any accepted claim beginning on the first calendar day after the day that the payment of the accepted claim is due pursuant to Section 2695.7 of Title 10 of the California Code of Regulations or any successor to that provision, provided that the claim is accepted on or after December 1, 2008.

Ca. Ins. Code § 10235.95

Added by Stats 2008 ch 171 (SB 1216),s 2, eff. 1/1/2009.