There is a newer version of the California Code
2011 California Code
Probate Code
DIVISION 4. GUARDIANSHIP, CONSERVATORSHIP, AND OTHER PROTECTIVE PROCEEDINGS [1400 - 3925]
CHAPTER 1. Short Title and Definitions
Section 1446
CA Prob Code § 1446 (through 2012 Leg Sess) What's This?
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.
(Enacted by Stats. 1990, Ch. 79.)
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