Cal. Ins. Code § 10132

Current through the 2023 Legislative Session.

Section 10132 - Life policy beneficiary disposing of interest in installment prior to becoming due

The beneficiary under a life policy which provides for the payment of its proceeds in periodical installments, may be restrained by its provisions from disposing of or incumbering his interest in any such installment prior to the date when it becomes due and payable by the insurer.

Ca. Ins. Code § 10132

Enacted by Stats. 1935, Ch. 145.