| Old | New | Differences | |
|---|---|---|---|
| 1 | - | Amended IN | |
| 1 | + | Amended IN Assembly January 06, 2020 Amended IN Assembly April 01, 2019 CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 1616Introduced by Assembly Member LowFebruary 22, 2019 An act to amend Section 10295.6 of the Insurance Code, relating to insurance. add Section 493.5 to the Business and Professions Code, relating to professions and vocations.LEGISLATIVE COUNSEL'S DIGESTAB 1616, as amended, Low. Accelerated death benefits. Department of Consumer Affairs: boards: expunged convictions.Existing law establishes the Department of Consumer Affairs, which is composed of various boards, and authorizes a board to suspend or revoke a license on the ground that the licensee has been convicted of a crime substantially related to the qualifications, functions, or duties of the business or profession for which the license was issued. Existing law, the Medical Practice Act, provides for the licensure and regulation of the practice of medicine by the Medical Board of California and requires the board to post certain historical information on current and former licensees, including felony and certain misdemeanor convictions. Existing law also requires the Medical Board of California, upon receipt of a certified copy of an expungement order from a current or former licensee, to post notification of the expungement order and the date thereof on its internet website.This bill would require a board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime to, within 6 months of receiving the expungement order for the underlying offense from the person, post notification of the expungement order and the date thereof on the boards internet website if the person applies for licensure or is relicensed, or remove the initial posting on its internet website that the persons license was revoked if the person is not currently licensed and does not reapply for licensure, as specified. The bill would require a person to pay a fee, to be determined by the department, to the board for the cost of administering the bills provisions.Existing law regulates classes of insurance, including life insurance, and prescribes certain requirements governing the payment of an accelerated death benefit under a life insurance policy. Existing law authorizes an accelerated death benefit to be added to a life insurance policy to provide for the advance payment of a part of the death proceeds if a qualifying event, including a terminal or chronic illness, occurs. Existing law prohibits an accelerated death benefit from being effective more than 30 days following the effective date of the policy provision, rider, endorsement, or certificate.This bill would authorize the effective period of an accelerated death benefit to be extended to not more than 60 days following the effective date of the policy provision, rider, endorsement, or certificate.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 493.5 is added to the Business and Professions Code, to read:493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months of receiving the expungement order, unless it is otherwise prohibited by law, or by other terms or conditions, do either of the following:(1) If the person reapplies for licensure or has been relicensed, post notification of the expungement order and the date thereof on its internet website.(2) If the person is not currently licensed and does not reapply for licensure, remove the initial posting on its internet website that the persons license was revoked.(b) A person described in subdivision (a) shall pay to the board a fee in an amount to be determined by the department that does not exceed the reasonable cost of administering this section. The fee shall be deposited by the board into the appropriate fund and shall be available only upon appropriation by the Legislature.(c) For purposes of this section board means an entity listed in Section 101.(d) If any provision in this section conflicts with Section 2027, Section 2027 shall prevail.SECTION 1.Section 10295.6 of the Insurance Code is amended to read:10295.6.(a)If a policyholder or certificate holder requests an acceleration of death benefits, the insurer shall send a statement to the policyholder or certificate holder and irrevocable beneficiary showing any effect that the payment of the accelerated death benefit would have on the policys cash value, accumulation account, death benefit, premium, policy loans, and policy liens. The statement shall disclose that receipt of accelerated death benefit payments may adversely affect the recipients eligibility for Medicaid or other government benefits or entitlements. In addition, receipt of an accelerated death benefit payment may be taxable and assistance should be sought from a personal tax adviser. If a previous disclosure statement becomes invalid as a result of an acceleration of the death benefit, the insurer shall send a revised disclosure statement to the policyholder or certificate holder and irrevocable beneficiary.(b)The accelerated death benefit shall be effective not more than 60 days following the effective date of the policy provision, rider, endorsement, or certificate.(c) If the insurer charges a separate premium for the accelerated death benefit, then the insurer may also offer a waiver of premium benefit as defined in subdivision (a) of Section 10271.1. At the time the waiver of the accelerated death benefit premium benefit is claimed, the insurer shall explain any continuing premium requirement to keep the underlying policy in force.(d)An insurer shall not unfairly discriminate among insureds with different qualifying events covered under the policy or among insureds with similar qualifying events covered under the policy. An insurer shall not apply further conditions on the payment of the accelerated death benefits other than those conditions specified in the accelerated death benefit.(e)No later than one month after payment of an accelerated death benefit, the insurer shall provide the policyholder or certificate holder with a report of any accelerated death benefits paid out during the prior month, an explanation of any changes to the policy or certificate, death benefits, and cash values on account of the benefits being paid out, and the amount of the remaining benefits that may be accelerated at the end of the prior month. The insurer may use a calendar month or policy or certificate month.(f)The conversion benefit available to group certificate holders on termination of employment pursuant to paragraph (2) of subdivision (a) of Section 10209 shall include a benefit comparable to the accelerated death benefit. This requirement may be satisfied by an individual policy or certificate. This requirement, subject to the approval of the commissioner, may be satisfied by arrangement with another insurer to provide the required coverage.(g)If payment of an accelerated death benefit results in a pro rata reduction in cash value, the payment may be applied toward repaying a portion of the loan equal to a pro rata portion of any outstanding policy loans if disclosure of the effect of acceleration upon any remaining death benefit, cash value or accumulation account, policy loan, and premium payments, including a statement of the possibility of termination of any remaining death benefit, is provided to the policyholder or certificate holder. The policyholder or certificate holder shall provide written consent authorizing any other arrangement for the repayment of outstanding policy loans. | |
| 2 | 2 | ||
| 3 | - | ||
| 3 | + | Amended IN Assembly January 06, 2020 Amended IN Assembly April 01, 2019 CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 1616Introduced by Assembly Member LowFebruary 22, 2019 An act to amend Section 10295.6 of the Insurance Code, relating to insurance. add Section 493.5 to the Business and Professions Code, relating to professions and vocations.LEGISLATIVE COUNSEL'S DIGESTAB 1616, as amended, Low. Accelerated death benefits. Department of Consumer Affairs: boards: expunged convictions.Existing law establishes the Department of Consumer Affairs, which is composed of various boards, and authorizes a board to suspend or revoke a license on the ground that the licensee has been convicted of a crime substantially related to the qualifications, functions, or duties of the business or profession for which the license was issued. Existing law, the Medical Practice Act, provides for the licensure and regulation of the practice of medicine by the Medical Board of California and requires the board to post certain historical information on current and former licensees, including felony and certain misdemeanor convictions. Existing law also requires the Medical Board of California, upon receipt of a certified copy of an expungement order from a current or former licensee, to post notification of the expungement order and the date thereof on its internet website.This bill would require a board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime to, within 6 months of receiving the expungement order for the underlying offense from the person, post notification of the expungement order and the date thereof on the boards internet website if the person applies for licensure or is relicensed, or remove the initial posting on its internet website that the persons license was revoked if the person is not currently licensed and does not reapply for licensure, as specified. The bill would require a person to pay a fee, to be determined by the department, to the board for the cost of administering the bills provisions.Existing law regulates classes of insurance, including life insurance, and prescribes certain requirements governing the payment of an accelerated death benefit under a life insurance policy. Existing law authorizes an accelerated death benefit to be added to a life insurance policy to provide for the advance payment of a part of the death proceeds if a qualifying event, including a terminal or chronic illness, occurs. Existing law prohibits an accelerated death benefit from being effective more than 30 days following the effective date of the policy provision, rider, endorsement, or certificate.This bill would authorize the effective period of an accelerated death benefit to be extended to not more than 60 days following the effective date of the policy provision, rider, endorsement, or certificate.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO | |
| 4 | 4 | ||
| 5 | - | ||
| 5 | + | Amended IN Assembly January 06, 2020 Amended IN Assembly April 01, 2019 | |
| 6 | 6 | ||
| 7 | - | Amended IN Senate July 07, 2020 | |
| 8 | 7 | Amended IN Assembly January 06, 2020 | |
| 9 | 8 | Amended IN Assembly April 01, 2019 | |
| 10 | 9 | ||
| 11 | 10 | CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION | |
| 12 | 11 | ||
| 13 | 12 | Assembly Bill | |
| 14 | 13 | ||
| 15 | 14 | No. 1616 | |
| 16 | 15 | ||
| 17 | - | Introduced by Assembly Member | |
| 16 | + | Introduced by Assembly Member LowFebruary 22, 2019 | |
| 18 | 17 | ||
| 19 | - | Introduced by Assembly Member Low | |
| 18 | + | Introduced by Assembly Member Low | |
| 20 | 19 | February 22, 2019 | |
| 21 | 20 | ||
| 22 | - | An act to add Section 493.5 to the Business and Professions Code, relating to professions and vocations. | |
| 21 | + | An act to amend Section 10295.6 of the Insurance Code, relating to insurance. add Section 493.5 to the Business and Professions Code, relating to professions and vocations. | |
| 23 | 22 | ||
| 24 | 23 | LEGISLATIVE COUNSEL'S DIGEST | |
| 25 | 24 | ||
| 26 | 25 | ## LEGISLATIVE COUNSEL'S DIGEST | |
| 27 | 26 | ||
| 28 | - | AB 1616, as amended, Low. Department of Consumer Affairs: boards: expunged convictions. | |
| 27 | + | AB 1616, as amended, Low. Accelerated death benefits. Department of Consumer Affairs: boards: expunged convictions. | |
| 29 | 28 | ||
| 30 | - | Existing law establishes the Department of Consumer Affairs, which is composed of various boards, and authorizes a board to suspend or revoke a license on the ground that the licensee has been convicted of a crime substantially related to the qualifications, functions, or duties of the business or profession for which the license was issued. Existing law, the Medical Practice Act, provides for the licensure and regulation of the practice of medicine by the Medical Board of California and requires the board to post certain historical information on current and former licensees, including felony and certain misdemeanor convictions. Existing law also requires the Medical Board of California, upon receipt of a certified copy of an expungement order from a current or former licensee, to post notification of the expungement order and the date thereof on its internet website.This bill would require a board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime to, | |
| 29 | + | Existing law establishes the Department of Consumer Affairs, which is composed of various boards, and authorizes a board to suspend or revoke a license on the ground that the licensee has been convicted of a crime substantially related to the qualifications, functions, or duties of the business or profession for which the license was issued. Existing law, the Medical Practice Act, provides for the licensure and regulation of the practice of medicine by the Medical Board of California and requires the board to post certain historical information on current and former licensees, including felony and certain misdemeanor convictions. Existing law also requires the Medical Board of California, upon receipt of a certified copy of an expungement order from a current or former licensee, to post notification of the expungement order and the date thereof on its internet website.This bill would require a board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime to, within 6 months of receiving the expungement order for the underlying offense from the person, post notification of the expungement order and the date thereof on the boards internet website if the person applies for licensure or is relicensed, or remove the initial posting on its internet website that the persons license was revoked if the person is not currently licensed and does not reapply for licensure, as specified. The bill would require a person to pay a fee, to be determined by the department, to the board for the cost of administering the bills provisions.Existing law regulates classes of insurance, including life insurance, and prescribes certain requirements governing the payment of an accelerated death benefit under a life insurance policy. Existing law authorizes an accelerated death benefit to be added to a life insurance policy to provide for the advance payment of a part of the death proceeds if a qualifying event, including a terminal or chronic illness, occurs. Existing law prohibits an accelerated death benefit from being effective more than 30 days following the effective date of the policy provision, rider, endorsement, or certificate.This bill would authorize the effective period of an accelerated death benefit to be extended to not more than 60 days following the effective date of the policy provision, rider, endorsement, or certificate. | |
| 31 | 30 | ||
| 32 | 31 | Existing law establishes the Department of Consumer Affairs, which is composed of various boards, and authorizes a board to suspend or revoke a license on the ground that the licensee has been convicted of a crime substantially related to the qualifications, functions, or duties of the business or profession for which the license was issued. Existing law, the Medical Practice Act, provides for the licensure and regulation of the practice of medicine by the Medical Board of California and requires the board to post certain historical information on current and former licensees, including felony and certain misdemeanor convictions. Existing law also requires the Medical Board of California, upon receipt of a certified copy of an expungement order from a current or former licensee, to post notification of the expungement order and the date thereof on its internet website. | |
| 33 | 32 | ||
| 34 | - | This bill would require a board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime to, crime, within 6 months 90 days of receiving the an expungement order for the underlying offense from the person, if the person reapplies for licensure or is relicensed, to post notification of the expungement order and the date thereof on the boards internet website if the person applies for licensure or is relicensed, or remove the initial posting on its internet website that the persons license was revoked website. The bill would require the board, on receiving an expungement order, if the person is not currently licensed and does not reapply for licensure, as specified. to remove within the same period the initial posting on its internet website that the persons license was revoked and information previously posted regarding arrests, charges, and convictions. The bill would require a person in either case to pay a fee, to be $50 fee to the board, unless another amount is determined by the department, to the board for board to be necessary to cover the cost of administering the bills provisions. | |
| 33 | + | This bill would require a board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime to, within 6 months of receiving the expungement order for the underlying offense from the person, post notification of the expungement order and the date thereof on the boards internet website if the person applies for licensure or is relicensed, or remove the initial posting on its internet website that the persons license was revoked if the person is not currently licensed and does not reapply for licensure, as specified. The bill would require a person to pay a fee, to be determined by the department, to the board for the cost of administering the bills provisions. | |
| 34 | + | ||
| 35 | + | Existing law regulates classes of insurance, including life insurance, and prescribes certain requirements governing the payment of an accelerated death benefit under a life insurance policy. Existing law authorizes an accelerated death benefit to be added to a life insurance policy to provide for the advance payment of a part of the death proceeds if a qualifying event, including a terminal or chronic illness, occurs. Existing law prohibits an accelerated death benefit from being effective more than 30 days following the effective date of the policy provision, rider, endorsement, or certificate. | |
| 36 | + | ||
| 37 | + | ||
| 38 | + | ||
| 39 | + | This bill would authorize the effective period of an accelerated death benefit to be extended to not more than 60 days following the effective date of the policy provision, rider, endorsement, or certificate. | |
| 40 | + | ||
| 41 | + | ||
| 35 | 42 | ||
| 36 | 43 | ## Digest Key | |
| 37 | 44 | ||
| 38 | 45 | ## Bill Text | |
| 39 | 46 | ||
| 40 | - | The people of the State of California do enact as follows:SECTION 1. Section 493.5 is added to the Business and Professions Code, to read:493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months | |
| 47 | + | The people of the State of California do enact as follows:SECTION 1. Section 493.5 is added to the Business and Professions Code, to read:493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months of receiving the expungement order, unless it is otherwise prohibited by law, or by other terms or conditions, do either of the following:(1) If the person reapplies for licensure or has been relicensed, post notification of the expungement order and the date thereof on its internet website.(2) If the person is not currently licensed and does not reapply for licensure, remove the initial posting on its internet website that the persons license was revoked.(b) A person described in subdivision (a) shall pay to the board a fee in an amount to be determined by the department that does not exceed the reasonable cost of administering this section. The fee shall be deposited by the board into the appropriate fund and shall be available only upon appropriation by the Legislature.(c) For purposes of this section board means an entity listed in Section 101.(d) If any provision in this section conflicts with Section 2027, Section 2027 shall prevail.SECTION 1.Section 10295.6 of the Insurance Code is amended to read:10295.6.(a)If a policyholder or certificate holder requests an acceleration of death benefits, the insurer shall send a statement to the policyholder or certificate holder and irrevocable beneficiary showing any effect that the payment of the accelerated death benefit would have on the policys cash value, accumulation account, death benefit, premium, policy loans, and policy liens. The statement shall disclose that receipt of accelerated death benefit payments may adversely affect the recipients eligibility for Medicaid or other government benefits or entitlements. In addition, receipt of an accelerated death benefit payment may be taxable and assistance should be sought from a personal tax adviser. If a previous disclosure statement becomes invalid as a result of an acceleration of the death benefit, the insurer shall send a revised disclosure statement to the policyholder or certificate holder and irrevocable beneficiary.(b)The accelerated death benefit shall be effective not more than 60 days following the effective date of the policy provision, rider, endorsement, or certificate.(c) If the insurer charges a separate premium for the accelerated death benefit, then the insurer may also offer a waiver of premium benefit as defined in subdivision (a) of Section 10271.1. At the time the waiver of the accelerated death benefit premium benefit is claimed, the insurer shall explain any continuing premium requirement to keep the underlying policy in force.(d)An insurer shall not unfairly discriminate among insureds with different qualifying events covered under the policy or among insureds with similar qualifying events covered under the policy. An insurer shall not apply further conditions on the payment of the accelerated death benefits other than those conditions specified in the accelerated death benefit.(e)No later than one month after payment of an accelerated death benefit, the insurer shall provide the policyholder or certificate holder with a report of any accelerated death benefits paid out during the prior month, an explanation of any changes to the policy or certificate, death benefits, and cash values on account of the benefits being paid out, and the amount of the remaining benefits that may be accelerated at the end of the prior month. The insurer may use a calendar month or policy or certificate month.(f)The conversion benefit available to group certificate holders on termination of employment pursuant to paragraph (2) of subdivision (a) of Section 10209 shall include a benefit comparable to the accelerated death benefit. This requirement may be satisfied by an individual policy or certificate. This requirement, subject to the approval of the commissioner, may be satisfied by arrangement with another insurer to provide the required coverage.(g)If payment of an accelerated death benefit results in a pro rata reduction in cash value, the payment may be applied toward repaying a portion of the loan equal to a pro rata portion of any outstanding policy loans if disclosure of the effect of acceleration upon any remaining death benefit, cash value or accumulation account, policy loan, and premium payments, including a statement of the possibility of termination of any remaining death benefit, is provided to the policyholder or certificate holder. The policyholder or certificate holder shall provide written consent authorizing any other arrangement for the repayment of outstanding policy loans. | |
| 41 | 48 | ||
| 42 | 49 | The people of the State of California do enact as follows: | |
| 43 | 50 | ||
| 44 | 51 | ## The people of the State of California do enact as follows: | |
| 45 | 52 | ||
| 46 | - | SECTION 1. Section 493.5 is added to the Business and Professions Code, to read:493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months | |
| 53 | + | SECTION 1. Section 493.5 is added to the Business and Professions Code, to read:493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months of receiving the expungement order, unless it is otherwise prohibited by law, or by other terms or conditions, do either of the following:(1) If the person reapplies for licensure or has been relicensed, post notification of the expungement order and the date thereof on its internet website.(2) If the person is not currently licensed and does not reapply for licensure, remove the initial posting on its internet website that the persons license was revoked.(b) A person described in subdivision (a) shall pay to the board a fee in an amount to be determined by the department that does not exceed the reasonable cost of administering this section. The fee shall be deposited by the board into the appropriate fund and shall be available only upon appropriation by the Legislature.(c) For purposes of this section board means an entity listed in Section 101.(d) If any provision in this section conflicts with Section 2027, Section 2027 shall prevail. | |
| 47 | 54 | ||
| 48 | 55 | SECTION 1. Section 493.5 is added to the Business and Professions Code, to read: | |
| 49 | 56 | ||
| 50 | 57 | ### SECTION 1. | |
| 51 | 58 | ||
| 52 | - | 493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months | |
| 59 | + | 493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months of receiving the expungement order, unless it is otherwise prohibited by law, or by other terms or conditions, do either of the following:(1) If the person reapplies for licensure or has been relicensed, post notification of the expungement order and the date thereof on its internet website.(2) If the person is not currently licensed and does not reapply for licensure, remove the initial posting on its internet website that the persons license was revoked.(b) A person described in subdivision (a) shall pay to the board a fee in an amount to be determined by the department that does not exceed the reasonable cost of administering this section. The fee shall be deposited by the board into the appropriate fund and shall be available only upon appropriation by the Legislature.(c) For purposes of this section board means an entity listed in Section 101.(d) If any provision in this section conflicts with Section 2027, Section 2027 shall prevail. | |
| 53 | 60 | ||
| 54 | - | 493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months | |
| 61 | + | 493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months of receiving the expungement order, unless it is otherwise prohibited by law, or by other terms or conditions, do either of the following:(1) If the person reapplies for licensure or has been relicensed, post notification of the expungement order and the date thereof on its internet website.(2) If the person is not currently licensed and does not reapply for licensure, remove the initial posting on its internet website that the persons license was revoked.(b) A person described in subdivision (a) shall pay to the board a fee in an amount to be determined by the department that does not exceed the reasonable cost of administering this section. The fee shall be deposited by the board into the appropriate fund and shall be available only upon appropriation by the Legislature.(c) For purposes of this section board means an entity listed in Section 101.(d) If any provision in this section conflicts with Section 2027, Section 2027 shall prevail. | |
| 55 | 62 | ||
| 56 | - | 493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months | |
| 63 | + | 493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months of receiving the expungement order, unless it is otherwise prohibited by law, or by other terms or conditions, do either of the following:(1) If the person reapplies for licensure or has been relicensed, post notification of the expungement order and the date thereof on its internet website.(2) If the person is not currently licensed and does not reapply for licensure, remove the initial posting on its internet website that the persons license was revoked.(b) A person described in subdivision (a) shall pay to the board a fee in an amount to be determined by the department that does not exceed the reasonable cost of administering this section. The fee shall be deposited by the board into the appropriate fund and shall be available only upon appropriation by the Legislature.(c) For purposes of this section board means an entity listed in Section 101.(d) If any provision in this section conflicts with Section 2027, Section 2027 shall prevail. | |
| 57 | 64 | ||
| 58 | 65 | ||
| 59 | 66 | ||
| 60 | - | 493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months | |
| 67 | + | 493.5. (a) A board within the department that has posted on its internet website that a persons license was revoked because the person was convicted of a crime, upon receiving from the person a certified copy of an expungement order granted pursuant to Section 1203.4 of the Penal Code for the underlying offense, shall, within six months of receiving the expungement order, unless it is otherwise prohibited by law, or by other terms or conditions, do either of the following: | |
| 61 | 68 | ||
| 62 | 69 | (1) If the person reapplies for licensure or has been relicensed, post notification of the expungement order and the date thereof on its internet website. | |
| 63 | 70 | ||
| 64 | - | (2) If the person is not currently licensed and does not reapply for licensure, remove the initial posting on its internet website that the persons license was revoked. | |
| 71 | + | (2) If the person is not currently licensed and does not reapply for licensure, remove the initial posting on its internet website that the persons license was revoked. | |
| 65 | 72 | ||
| 66 | - | (b) A person described in subdivision (a) shall pay to the board a fee in an | |
| 73 | + | (b) A person described in subdivision (a) shall pay to the board a fee in an amount to be determined by the department that does not exceed the reasonable cost of administering this section. The fee shall be deposited by the board into the appropriate fund and shall be available only upon appropriation by the Legislature. | |
| 67 | 74 | ||
| 68 | 75 | (c) For purposes of this section board means an entity listed in Section 101. | |
| 69 | 76 | ||
| 70 | 77 | (d) If any provision in this section conflicts with Section 2027, Section 2027 shall prevail. | |
| 78 | + | ||
| 79 | + | ||
| 80 | + | ||
| 81 | + | ||
| 82 | + | ||
| 83 | + | (a)If a policyholder or certificate holder requests an acceleration of death benefits, the insurer shall send a statement to the policyholder or certificate holder and irrevocable beneficiary showing any effect that the payment of the accelerated death benefit would have on the policys cash value, accumulation account, death benefit, premium, policy loans, and policy liens. The statement shall disclose that receipt of accelerated death benefit payments may adversely affect the recipients eligibility for Medicaid or other government benefits or entitlements. In addition, receipt of an accelerated death benefit payment may be taxable and assistance should be sought from a personal tax adviser. If a previous disclosure statement becomes invalid as a result of an acceleration of the death benefit, the insurer shall send a revised disclosure statement to the policyholder or certificate holder and irrevocable beneficiary. | |
| 84 | + | ||
| 85 | + | ||
| 86 | + | ||
| 87 | + | (b)The accelerated death benefit shall be effective not more than 60 days following the effective date of the policy provision, rider, endorsement, or certificate. | |
| 88 | + | ||
| 89 | + | ||
| 90 | + | ||
| 91 | + | (c) If the insurer charges a separate premium for the accelerated death benefit, then the insurer may also offer a waiver of premium benefit as defined in subdivision (a) of Section 10271.1. At the time the waiver of the accelerated death benefit premium benefit is claimed, the insurer shall explain any continuing premium requirement to keep the underlying policy in force. | |
| 92 | + | ||
| 93 | + | ||
| 94 | + | ||
| 95 | + | (d)An insurer shall not unfairly discriminate among insureds with different qualifying events covered under the policy or among insureds with similar qualifying events covered under the policy. An insurer shall not apply further conditions on the payment of the accelerated death benefits other than those conditions specified in the accelerated death benefit. | |
| 96 | + | ||
| 97 | + | ||
| 98 | + | ||
| 99 | + | (e)No later than one month after payment of an accelerated death benefit, the insurer shall provide the policyholder or certificate holder with a report of any accelerated death benefits paid out during the prior month, an explanation of any changes to the policy or certificate, death benefits, and cash values on account of the benefits being paid out, and the amount of the remaining benefits that may be accelerated at the end of the prior month. The insurer may use a calendar month or policy or certificate month. | |
| 100 | + | ||
| 101 | + | ||
| 102 | + | ||
| 103 | + | (f)The conversion benefit available to group certificate holders on termination of employment pursuant to paragraph (2) of subdivision (a) of Section 10209 shall include a benefit comparable to the accelerated death benefit. This requirement may be satisfied by an individual policy or certificate. This requirement, subject to the approval of the commissioner, may be satisfied by arrangement with another insurer to provide the required coverage. | |
| 104 | + | ||
| 105 | + | ||
| 106 | + | ||
| 107 | + | (g)If payment of an accelerated death benefit results in a pro rata reduction in cash value, the payment may be applied toward repaying a portion of the loan equal to a pro rata portion of any outstanding policy loans if disclosure of the effect of acceleration upon any remaining death benefit, cash value or accumulation account, policy loan, and premium payments, including a statement of the possibility of termination of any remaining death benefit, is provided to the policyholder or certificate holder. The policyholder or certificate holder shall provide written consent authorizing any other arrangement for the repayment of outstanding policy loans. |