{"code":"RTC","codeName":"Revenue and Taxation Code","section":"487","citation":"Rev. & Tax. Code, § 487","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. PROPERTY TAXATION [50. - 5911.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1"},{"name":"PART 2. ASSESSMENT [201. - 1367.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2"},{"name":"CHAPTER 3. Assessment Generally [401. - 681.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-3"},{"name":"ARTICLE 2.5. Change in Ownership Reporting [480. - 487.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-3/article-2.5"}],"history":"Added by Stats. 1995, Ch. 933, Sec. 3.   Effective January 1, 1996.","effective":"1996-01-01","html":"<p>Any life insurance company that completes a real property transaction for which approval was obtained from the Insurance Commissioner pursuant to Section <a href=\"/ins/10506\">10506</a> of the Insurance Code shall, upon completing that transaction, file with the assessor of the county in which the real property is located a certified copy of the application that the insurance company filed with the Insurance Commissioner with respect to the transaction.</p>","text":"Any life insurance company that completes a real property transaction for which approval was obtained from the Insurance Commissioner pursuant to Section 10506 of the Insurance Code shall, upon completing that transaction, file with the assessor of the county in which the real property is located a certified copy of the application that the insurance company filed with the Insurance Commissioner with respect to the transaction.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/change-in-ownership-reporting-487","source":"California Legislative Information bulk export (pubinfo)"}