Plain English Breakdown
The official summary describes what current law says but only states that this bill makes technical changes without detailing those changes.
Technical Update for Life and Disability Insurance Rules
AB-2547 makes small, non-substantive changes to existing laws about how insurance companies handle statements from applicants regarding insurable interest.
What This Bill Does
- Makes technical, nonsubstantive changes to provisions regulating life and disability insurance classes.
Terms To Know
- Nonsubstantive changes
- Edits that do not change the meaning or effect of the law.
Limits and Unknowns
- The official text does not specify exactly which words are being changed.
- No effective date is listed for when these changes will take place.