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§ 50475. Life Insurance.

22 CA ADC § 50475Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 22. Social Security
Division 3. Health Care Services
Subdivision 1. California Medical Assistance Program (Refs & Annos)
Chapter 2. Determination of Medi-Cal Eligibility and Share of Cost
Article 9. Property
22 CCR § 50475
§ 50475. Life Insurance.
Currentness
Life insurance policies, except term insurance, owned by a member of the MFBU on the life of any individual in the family shall be exempt if the combined face value of all of the policies on the insured individual is $1,500 or less. If the combined face value of all of the policies exceeds $1,500, the net cash surrender value of life insurance policies shall be included in the property reserve.

Credits

Note: Authority cited: Sections 10725 and 14124.5, Welfare and Institutions Code. Reference: Section 14006, Welfare and Institutions Code.
History
1. Amendment filed 6-3-87; operative 7-3-87 (Register 87, No. 24).
2. Editorial correction of printing error (Register 89, No. 16).
This database is current through 6/21/24 Register 2024, No. 25.
Cal. Admin. Code tit. 22, § 50475, 22 CA ADC § 50475
End of Document