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California Probate Code

§ 1446

PROB § 1446Div. 4 · Part 1 · Ch. 1

Statute text

View on leginfo.ca.gov
“Single-premium deferred annuity” means an annuity offered by an admitted life insurer for the payment of a one-time lump-sum premium and for which the insurer neither assesses any initial charges or administrative fees against the premium paid nor exacts or assesses any penalty for withdrawal of any funds by the annuitant after a period of five years.

Legislative history

Enacted by Stats. 1990, Ch. 79.

Source: California Probate Code § 1446 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.