Cal. Ins. Code § 10509.936

Current through the 2023 Legislative Session.

Section 10509.936 - Statement sent beneficiary if benefits placed in retained asset account

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.

Ca. Ins. Code § 10509.936

Added by Stats 2014 ch 130 (SB 713),s 1, eff. 1/1/2012.