Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA INSURANCE CODEDivision 2 - CLASSES OF INSURANCEPart 2 - LIFE AND DISABILITY INSURANCEChapter 1 - THE CONTRACT
Article 4 - PAYMENT AND PROCEEDS
Section 10171 - Provision providing proceeds not subject to transfer, anticipation or commutation or encumbrance

Cal. Ins. Code § 10171

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Current through the 2023 Legislative Session.
Section 10171 - Provision providing proceeds not subject to transfer, anticipation or commutation or encumbrance

Any life policy or other agreement relating to the holding or payment of the proceeds of a life policy may provide that the proceeds thereof or payments thereunder shall not be subject to transfer, anticipation or commutation or encumbrance by any beneficiary, and shall not be subject to the claims of creditors of any beneficiary or any legal process against any beneficiary.

Ca. Ins. Code § 10171

Amended by Stats. 1943, Ch. 533.