Statute · California Insurance Code
Cal. Ins. Code § 10509.935 — Life Insurance Proceeds Disclosure Act of 2011
Cal. Ins. Code § 10509.935
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Ins. Code § 10509.935 — Life Insurance Proceeds Disclosure Act of 2011 is in force in the current edition of the Code, and nothing recorded condemns it.
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.