Attachment III: Life Agent Disclosure
Requirement (AB2107, Chapter 547)
Effective July 1, 2001, Chapter 442, Statutes of 2000 (Assembly Bill 2107, Scott), strengthens the Elder Abuse and Dependent Civil Protection Act with respect to selling insurance and financial products to elders and clarifies the definition of financial abuse. (The definition of "elders" is any person residing in this state that is 65 years of age or older.)
At the time of the enactment of this law, a life agent is required to make specified disclosures about the potential consequences of entering into financial transactions related to an elder's potential eligibility for Medi-Cal coverage and prohibits a life agent from negligently misrepresenting a product based on its treatment under Medi-Cal.
| Table of Contents |
Page Number |
| Required Medi-Cal Disclosure |
30 |
| Department of Health Services Forms |
32 |
| Life Agent's Duties |
32 |
| Elder Abuse |
33 |
| Life Agent Financial Products Disclosure |
33 |
| Assembly Bill 2107, Scott, Chapter 442, Statutes of 2000, Licensing a Life Agent |
34 |
Back to Top |
Next
Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.
