There is a newer version of the California Code
2015 California Code
Insurance Code - INS
DIVISION 2 - CLASSES OF INSURANCE
PART 2 - LIFE AND DISABILITY INSURANCE
CHAPTER 1 - The Contract
ARTICLE 4 - Payment and Proceeds
Section 10173.
CA Ins Code § 10173 through (2015) Leg Sess What's This?
10173. When a policy of life insurance is assigned in writing the insurer may deal with the assignee in any manner not inconsistent with the terms of said assignment until the insurer has received at its home office written notice by or on behalf of some other person that such other person claims to be entitled to some interest in such policy.
(Added by Stats. 1941, Ch. 272.)
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