{"code":"INS","codeName":"Insurance Code","section":"10509.936","citation":"Ins. Code, § 10509.936","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 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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/insurance-code/life-insurance-proceeds-disclosure-act-of-2011-10509-936","source":"California Legislative Information bulk export (pubinfo)"}