Standard Nonforfeiture Law for Individual Deferred Annuities
Known as the Health Insurance Disclosure Act
The act spans §§ 10110–11549 (1,209 sections).
Applied in 1 court decision — leading case Rand v. American National Insurance (2010)
Most recently applied in Rand v. American National Insurance (September 2010)
Added by Stats. 2004, Ch. 601, Sec. 3
(a) Notwithstanding any other provision of law, the form of any annuity contract that is subject to this article shall be filed by the obligor under the contract with the commissioner before it is marketed, issued, delivered, or used in this state.
(b) Nothing contained in this section shall be construed as requiring or providing for the prior approval by the commissioner of forms of individual annuity contracts prior to the time the forms are marketed, issued, delivered, or used in this state.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.