California Probate Code 256 – An insurance company, financial institution, or other obligor making …
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An insurance company, financial institution, or other obligor making payment according to the terms of its policy or obligation is not liable by reason of this part, unless prior to payment it has received at its home office or principal address written notice of a claim under this part.
(Enacted by Stats. 1990, Ch. 79.)
Terms Used In California Probate Code 256
- Financial institution: means a state or national bank, state or federal savings and loan association or credit union, or like organization. See California Probate Code 40
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.