California Insurance Code

§ 10509.941

INS § 10509.941 Effective Jan 1, 2020Div. 2 · Part 2 · Ch. 5 · Art. 12

Statute text

The purpose of this article is to provide standards for:

(a)Identifying a deceased individual whose death may require an insurer to pay benefits or proceeds to beneficiaries in accordance with the terms of a life insurance policy, annuity contract, or retained asset account.

(b)Locating beneficiaries of a deceased individual and providing appropriate claims forms or instructions to the beneficiaries to make a claim.

Legislative history

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