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Code · California · Insurance Code

§ 10509.935

40 words·~1 min read·/ca/insurance-code/10509-935

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If the insurer settles life insurance benefits through a retained asset account, the insurer shall provide the beneficiary with a supplemental contract that clearly discloses the rights of the beneficiary and the obligations of the insurer under the supplemental contract.
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