§ 13648.1. Refund Annuity.

Source: https://govt.westlaw.com/calregs/Document/IE6E1FEC34C8311EC89E5000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)

The right of any beneficiary to the balance payable under a refund annuity contract upon the death of the annuitant constitutes a transfer subject to the Inheritance Tax Law.

Note: As to the valuation of refund annuities, see Section 13952.10.

Note: Reference: Section 13648, Revenue and Taxation Code.