DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 1. The Contract 10110-10198.10›ARTICLE 2. Transfer 10129-10133.11
§ 10132
California Insurance Code · 2018-11 edition · updated 2026-10-04 · California
The beneficiary under a life policy which provides for the payment of its proceeds in periodical installments, may be restrained by its provisions from disposing of or incumbering his interest in any such installment prior to the date when it becomes due and payable by the insurer.
(Enacted by Stats. 1935, Ch. 145.)
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