California Statutes
§ 10509.936. — 10509.936. (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 life insurance benefits are placed in a retained asset account, the insurer shall send the beneficiary at least one statement per quarter, and a statement for any month in which there has been account activity other than just the crediting of interest.
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California § 10509.936. (10509.936. (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.