California Statutes
§ 10509.935. — 10509.935. (Added by Stats. 2011, Ch. 130, Sec. 1.)
California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 5. CHAPTER 5. General Regulation of Life Insurers·Art. 11. ARTICLE 11. Life Insurance Proceeds Disclosure Act of 2011
If the insurer settles life insurance benefits through a retained asset account, the insurer shall provide the beneficiary with a supplemental contract that clearly discloses the rights of the beneficiary and the obligations of the insurer under the supplemental contract.
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California § 10509.935. (10509.935. (Added by Stats. 2011, Ch. 130, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2011, Ch. 130, Sec. 1. (SB 713) Effective January 1, 2012.