DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 5. General Regulation of Life Insurers 10430-10509.938›ARTICLE 11. Life Insurance Proceeds Disclosure Act of 2011 10509.930-10509.938
§ 10509.936
California Insurance Code · 2018-11 edition · updated 2026-10-04 · California
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.
(Added by Stats. 2011, Ch. 130, Sec. 1. (SB 713) Effective January 1, 2012.)
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