Added by Stats. 2019, Ch. 286, Sec. 1. (SB 740) Effective January 1, 2020.
(a)This article applies to an in-force policy, annuity contract, or retained asset account, a policy or annuity contract effective on or after July 1, 2020, and a policy that has lapsed on or after January 1, 2019, if the insurer has not engaged in asymmetric conduct.
(b)This article applies to a policy, annuity contract, or retained asset account described in subdivision (a) if one of the following applies:
(1)The insurer is domiciled in this state.
(2)The policy, annuity contract, or retained asset account was issued or delivered in
this state.
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Other sections in Article 12 - Unclaimed Life Insurance and Annuities Act