Insurance Code § 10509.936

ARTICLE 11. Life Insurance Proceeds Disclosure Act of 2011

Current as of September 28, 2026Ins. Code, § 10509.936Official source ↗

Added by Stats. 2011, Ch. 130, Sec. 1. (SB 713) Effective January 1, 2012.

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.