§ 19999.7 (a) The department may establish and administer the purchase of …

Terms Used In California Codes > Government Code > Title 2 > Division 5 > Part 2.6 > Chapter 10 - Annuity Contracts

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • business: includes a proprietorship, partnership, corporation, and any other form of commercial enterprise. See California Vehicle Code 234
  • Contract: A legal written agreement that becomes binding when signed.
  • Department: means the Department of Human Resources. See California Government Code 19815
  • driver: is a person who drives or is in actual physical control of a vehicle. See California Vehicle Code 305
  • Highway: is a way or place of whatever nature, publicly maintained and open to the use of the public for purposes of vehicular travel. See California Vehicle Code 360
  • Person: includes a natural person, firm, copartnership, association, limited liability company, or corporation. See California Vehicle Code 470