§ 10132
47 words·~1 min read·
/ca/insurance-code/10132A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.