Insurance Code section 10232.96

When a policy or certificate holder of an insurance contract issued prior to December 31, 1996, requests a material modification to the contract as defined by federal law or regulations, the insurer, prior to approving such a request, shall provide written notice to the policy or certificate holder that the contract change requested may constitute a material modification that jeopardizes the federal tax status of the contract and appropriate tax advice should therefore be sought.

Source: Section 10232.96, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=10232.­96.­ (updated Oct. 6, 1997; accessed Jul. 7, 2025).

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Verified:
Jul. 7, 2025

§ 10232.96's source at ca​.gov