§ 10509.936
44 words·~1 min read·
/ca/insurance-code/10509-936A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.