Final answer:
The California Insurance Code does not require an insurance policy to specify the insurer's financial rating but does require it to specify the policy period, premium, and what or who is being insured.
Step-by-step explanation:
The California Insurance Code requires that a policy must specify certain information, but it does NOT require the policy to specify the insurer's financial rating. A policy must, however, specify the policy period, the premium, and what or who is being insured.
While an insurer's financial rating can be an important piece of information for consumers when evaluating and comparing insurance policies, this detail is not a mandatory requirement to be listed on the policy document itself according to the California Insurance Code.The California Insurance Code does not require an insurance policy to specify the insurer's financial rating. However, it does require insurance policies to specify the policy period, premium, and what or who is being insured.