fretfrek
Expert
For those of you in California, is a 24 hour senior notice required for FE? If so how do you handle it?
Senior Notice
- Thread starter fretfrek
- Start date
- 15,319
There is indeed a form and if you read it you will know how to handle this.
You've posted that you're in the San Fernando Valley. Why is your state flag set for Texas?
Rick
- 7,790
Last edited:
- 15,319
Maybe becasuse he is ashamed to admit that he is in Californication!
Why would anyone be ashamed? We're the almond capital of America.
And we have Disneyland and used to have the Rams.
Rick
- 3,165
Maybe he wishes to be back in Tx....thats good, Im trying to recruit ppl to leave, I need LESS Traffic, not more!!
This question has been posted a few times, and I still dont know the absolute correct answer cause so many ppl said so many diff things. I fill it out for anyone over 65 & if ever questioned, I say our postcard was our notice....its pretty grey from what I can tell, at least for the FE business. Who knows what the 100% actual answer is really??
This question has been posted a few times, and I still dont know the absolute correct answer cause so many ppl said so many diff things. I fill it out for anyone over 65 & if ever questioned, I say our postcard was our notice....its pretty grey from what I can tell, at least for the FE business. Who knows what the 100% actual answer is really??
- 3,384
California Insurance Code Section 789.10
(a) This section applies to the sale, offering for sale, or
generation of leads for the sale of life insurance, including
annuities, to senior insureds or prospective insureds by any person.
(b) Any person who meets with a senior in the senior's home is
required to deliver a notice in writing to the senior no less than 24
hours prior to that individual's initial meeting in the senior's
home. If the senior has an existing insurance relationship with an
agent and requests a meeting with the agent in the senior's home the
same day, a notice shall be delivered to the senior prior to the
meeting. The notice shall be in substantially the following form,
with the appropriate information inserted, in 14-point type:
"(1) During this visit or a followup visit, you will be given a
sales presentation on the following Uindicate all that apply]:
( ) Life insurance, including annuities
( ) Other insurance products Uspecify]: _________________.
(2) You have the right to have other persons present at the
meeting, including family members, financial advisors or attorneys.
(3) You have the right to end the meeting at any time.
(4) You have the right to contact the Department of Insurance for
information, or to file a complaint. UThe notice shall include the
consumer assistance telephone numbers at the department]
(5) The following individuals will be coming to your home: Ulist
all attendees, and insurance license information, if applicable]"
(c) Upon contacting the senior in the senior's home, the person
shall, before making any statement other than a greeting, or asking
the senior any other questions, state that the purpose of the contact
is to talk about insurance, or to gather information for a followup
visit to sell insurance, if that is the case, and state all of the
following information:
(1) The name and titles of all persons arriving at the senior's
home.
(2) The name of the insurer represented by the person, if known.
(d) Each person attending a meeting with a senior shall provide
the senior with a business card or other written identification
stating the person's name, business address, telephone number, and
any insurance license number.
(e) The persons attending a meeting with a senior shall end all
discussions and leave the home of the senior immediately after being
asked to leave by the senior.
(f) A person may not solicit a sale or order for the sale of an
annuity or life insurance policy at the residence of a senior, in
person or by telephone, by using any plan, scheme, or ruse that
misrepresents the true status or mission of the contact.
- - - - - - - - - - - - - - - - - -
Here's a copy of the WCL notice letter for CA
http://lifeexams.com/Exams_California_O-Z_files/West%20Coast%20Life%20Written%20Notice%20to%20California's%20Seniors%20Aged%2065%20or%20Over.pdf
- - - - - - - - - - - - - - - - - -
SB 397 Senate Bill - Bill Analysis
(a) This section applies to the sale, offering for sale, or
generation of leads for the sale of life insurance, including
annuities, to senior insureds or prospective insureds by any person.
(b) Any person who meets with a senior in the senior's home is
required to deliver a notice in writing to the senior no less than 24
hours prior to that individual's initial meeting in the senior's
home. If the senior has an existing insurance relationship with an
agent and requests a meeting with the agent in the senior's home the
same day, a notice shall be delivered to the senior prior to the
meeting. The notice shall be in substantially the following form,
with the appropriate information inserted, in 14-point type:
"(1) During this visit or a followup visit, you will be given a
sales presentation on the following Uindicate all that apply]:
( ) Life insurance, including annuities
( ) Other insurance products Uspecify]: _________________.
(2) You have the right to have other persons present at the
meeting, including family members, financial advisors or attorneys.
(3) You have the right to end the meeting at any time.
(4) You have the right to contact the Department of Insurance for
information, or to file a complaint. UThe notice shall include the
consumer assistance telephone numbers at the department]
(5) The following individuals will be coming to your home: Ulist
all attendees, and insurance license information, if applicable]"
(c) Upon contacting the senior in the senior's home, the person
shall, before making any statement other than a greeting, or asking
the senior any other questions, state that the purpose of the contact
is to talk about insurance, or to gather information for a followup
visit to sell insurance, if that is the case, and state all of the
following information:
(1) The name and titles of all persons arriving at the senior's
home.
(2) The name of the insurer represented by the person, if known.
(d) Each person attending a meeting with a senior shall provide
the senior with a business card or other written identification
stating the person's name, business address, telephone number, and
any insurance license number.
(e) The persons attending a meeting with a senior shall end all
discussions and leave the home of the senior immediately after being
asked to leave by the senior.
(f) A person may not solicit a sale or order for the sale of an
annuity or life insurance policy at the residence of a senior, in
person or by telephone, by using any plan, scheme, or ruse that
misrepresents the true status or mission of the contact.
- - - - - - - - - - - - - - - - - -
Here's a copy of the WCL notice letter for CA
http://lifeexams.com/Exams_California_O-Z_files/West%20Coast%20Life%20Written%20Notice%20to%20California's%20Seniors%20Aged%2065%20or%20Over.pdf
- - - - - - - - - - - - - - - - - -
SB 397 Senate Bill - Bill Analysis
Last edited:
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