Insurance Code § 10509.943

ARTICLE 12. Unclaimed Life Insurance and Annuities Act

Current as of September 28, 2026Ins. Code, § 10509.943Official source ↗

Added by Stats. 2019, Ch. 286, Sec. 1. (SB 740) Effective January 1, 2020.

(a) This article applies to an in-force policy, annuity contract, or retained asset account, a policy or annuity contract effective on or after July 1, 2020, and a policy that has lapsed on or after January 1, 2019, if the insurer has not engaged in asymmetric conduct.

(b) This article applies to a policy, annuity contract, or retained asset account described in subdivision (a) if one of the following applies:

(1) The insurer is domiciled in this state.

(2) The policy, annuity contract, or retained asset account was issued or delivered in this state.