California Legal Codes and Statutes

§ 10509.935

Added by Stats. 2011, Ch. 130, Sec. 1. (SB 713) Effective January 1, 2012.

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.

Cite this section

Cal. Ins. Code § 10509.935 (2026)
https://ca.codecond.com/codes/ins/division-2-classes-of-insurance/part-2-life-and-disability-insurance/chapter-5-general-regulation-of-life-insurers/article-11-life-insurance-proceeds-disclosure-act-of-2011/section-10509.935

Other sections in Article 11 - Life Insurance Proceeds Disclosure Act of 2011

§ 10509.930§ 10509.931§ 10509.932§ 10509.933§ 10509.934§ 10509.935§ 10509.936§ 10509.937§ 10509.938

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