Insurance Code §10102 requires a standardized disclosure form to be given to applicants for residential property insurance. When must it be delivered, and in what form?

Explanation

Section 10102 requires the insurer to provide the residential property insurance disclosure prior to, or concurrent with, the application, in no less than 10-point type, and to obtain the applicant's signed acknowledgment of receipt. The form explains actual cash value, replacement cost, extended replacement cost, guaranteed replacement cost and building code upgrade coverage; warns that the insured may be underinsured and that replacement cost is not market value; notes that earthquake, flood and landslide are excluded; and gives the Department of Insurance's contact information. It must be redelivered every other year at renewal. (a) is wrong because this is an application-stage document, not a post-issuance mailing; (b) is wrong because it is owed to every residential applicant, not only to one who asks; and (d) is wrong because the first delivery precedes the policy rather than following it.