Probate Code section 1446

“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.

Source: Section 1446, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=1446. (updated Jan. 1, 1990; accessed Jun. 25, 2025).

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1446
1449

Up to date

Verified:
Jun. 25, 2025

§ 1446's source at ca.gov

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Location: https://california.public.law/codes/probate_code_section_1446

Original Source: Section 1446, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=1446. (last accessed May 12, 2025).