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California Court OKs $80M Life Insurance Policy Lapse Notice Settlement
By
Allison Bell
News May 12, 2025 at 11:04 AM
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What You Need To Know
- The current California policy termination rules took effect in 2013.
- In 2021, the California Supreme Court said the rules applied to coverage sold before 2013.
- If California courts interpret the rules broadly, they could cost life insurers more than $16 billion.
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