Insurance Code – Section 10509 – Insurance Costs / Illustrations – Walker v LSW

  • There is no suggestion that Section 10509 says that you affirmatively do not have to break out the fees.
    • We have alleged that failing to break out the fees is deceptive because they are material, and in addition, the partial representation that they made — or the misrepresentation that they made concerning one policy fee makes it deceptive in any event.

(DOC 815, p38-39)

  • The costs are fully disclosed in both the illustration and the policy. The statute requires that the be so-called embedded…..  (DOC 815, p29)