On and after January 1, 1972, every printed form of an insurance contract, including every policy, endorsement, rider, or any amendment thereof issued in this state by any insurer or issued for delivery in this state by any insurer shall state an inception hour for coverage of 12:01 a.m. of the date upon which it is to be dated. However, the contract may provide that the inception time shall not be prior to the time applied for. Unless a specific provision of this code otherwise prescribes or permits, the hour prescribed shall be standard time at the residence within this state, or the principal place of business within this state, of the insured. This

section shall not prohibit an insurer, directly or through an agent, from issuing a binder, whether it be oral or typed by insertions in blanks in a printed form, specifying an inception or termination hour other than 12:01 a.m. on the date upon which the coverage is to commence, or end, as specified in the standard form or forms issued as the normal policy. Such binder shall not be subject to

Section nor have the technical meaning therein ascribed to “covering notes.” This

section shall not prohibit an insurer from issuing any policy or contract on a normal printed form which contains a provision extending the period of coverage for either hours preceding, or following, the effective hour otherwise required by this section. This

section shall not apply to:

(1) Life insurance as defined in

Section or such supplemental disability insurance as is defined in Sections and 10292.

(2) Marine insurance as defined in

Section 103.

(3) Title insurance as defined in

Section 104.

(4) Mortgage insurance as defined in

Section 107.

(5) Mortgage guarantee insurance as defined in

Section 119.

(6) Surety insurance, as defined in

Section 105, or disability insurance, as defined in

Section 106, unless, until, and to the extent following: The commissioner, on or after the effective date of the amendment of this

section at the Regular Session of the Legislature, from time to time, as to specific types, classes, or categories of such insurance, declares, by rules and regulations promulgated as provided by law, that this

section shall apply. Such rules or regulations shall provide that no policy or other form required by law to be approved by the commissioner need be refiled for approval if the only change from a previously approved form is the inclusion or change of the inception or termination hour.