No insurer, broker, agent, or other person shall knowingly recommend for purchase or sell disability insurance to a person age 65 or older which results in the insured having coverage, for medical benefits, for more than 100 percent of actual medical expenses.

(Added by Stats. 1990, Ch. 1454, Sec. 1.)

Terms Used In California Insurance Code 788.7

  • Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19