Cal. Ins. Code § 13802

Current through the 2023 Legislative Session.

Section 13802 - Definitions

For purposes of this chapter, the following definitions shall apply:

(a) "Holocaust victim" means any person who was persecuted during the period of 1929 to 1945, inclusive, by Nazi Germany, its allies, or sympathizers.

(b) "Related company" means any parent, subsidiary, reinsurer, successor in interest, managing general agent, or affiliate company of the insurer.

(c) "Proceeds" means the face value or other payout value of insurance policies and annuities plus reasonable interest to date of payment without diminution for wartime or immediate postwar currency devaluation.

Ca. Ins. Code § 13802

Added & effective 10/10/1999 (Bill Number: AB 600) (Chapter 827).