“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.
Cal. Prob. Code § 1446
Short Title and Definitions
Known as the Guardianship-Conservatorship Law
The act spans §§ 1400 to 1449 (13 sections).
Applied in 1 court decision — leading case 51 Cal. App. 4th 1302 - Sisco v. COSGROVE, MICHELIZZI, SCHWABACHER, WARD (1996)
Most recently applied in 51 Cal. App. 4th 1302 - Sisco v. COSGROVE, MICHELIZZI, SCHWABACHER, WARD (December 1996)
Enacted by Stats. 1990, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.