{"code":"INS","codeName":"Insurance Code","section":"10509.935","citation":"Ins. Code, § 10509.935","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","url":"https://blackletter.si/insurance-code/division-2"},{"name":"PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]","url":"https://blackletter.si/insurance-code/division-2/part-2"},{"name":"CHAPTER 5. General Regulation of Life Insurers [10430. - 10509.946.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-5"},{"name":"ARTICLE 11. Life Insurance Proceeds Disclosure Act of 2011 [10509.930. - 10509.938.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-5/article-11"}],"history":"Added by Stats. 2011, Ch. 130, Sec. 1.   (SB 713)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/insurance-code/life-insurance-proceeds-disclosure-act-of-2011-10509-935","source":"California Legislative Information bulk export (pubinfo)"}