Cal. Code Regs. tit. 22 § 50960.2

Current through Register 2024 Notice Reg. No. 24, June 14, 2024

Section 50960.2 - Annuity

"Annuity" means a contract, which gives a person or entity the right to receive periodic payments of a fixed or variable sum, either for life or for a term of years, and which also may include a lump sum payment or periodic payments upon the death of the decedent.

Cal. Code Regs. Tit. 22, § 50960.2

1. New chapter 2.5, article 1 (sections 50960.2-50960.36) and new section filed 3-23-2005; this filing is deemed an emergency and is exempt from review by OAL pursuant to Welfare and Institutions Code section 14043.75(a); effective 3-23-2005 (Register 2005, No. 12). A Certificate of Compliance must be transmitted to OAL by 7-21-2005 or emergency language will be repealed by operation of law on the following day.
2. Repealed by operation of Government Code section 11346.1(g) (Register 2005, No. 41).
3. New section filed 5-10-2006; operative 5-10-2006 pursuant to Government Code section 11343.4 (Register 2006, No. 19).
4. Change without regulatory effect amending NOTE filed 4-15-2008 pursuant to section 100, title 1, California Code of Regulations (Register 2008, No. 16).

Note: Authority cited: Section 20, Health and Safety Code; and Sections 10725 and 14124.5, Welfare and Institutions Code. Reference: Section 1396 p(b), 42 USC; Section 14009.5, Welfare and Institutions Code; Belshé v. Hope (1995) 33 Cal. App. 4th 161; and California Advocates for Nursing Home Reform v. Bontá (2003) 106 Cal. App. 4th 498.

1. New chapter 2.5, article 1 (sections 50960.2-50960.36) and new section filed 3-23-2005; this filing is deemed an emergency and is exempt from review by OAL pursuant to Welfare and Institutions Code section 14043.75(a); effective 3-23-2005 (Register 2005, No. 12). A Certificate of Compliance must be transmitted to OAL by 7-21-2005 or emergency language will be repealed by operation of law on the following day.
2. Repealed by operation of Government Code section 11346.1(g) (Register 2005, No. 41).
3. New section filed 5-10-2006; operative 5-10-2006 pursuant to Government Code section 11343.4 (Register 2006, No. 19).
4. Change without regulatory effect amending Note filed 4-15-2008 pursuant to section 100, title 1, California Code of Regulations (Register 2008, No. 16).