California Insurance Code 32.5 – “Life and disability insurance analyst” means a person who, for a fee …
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“Life and disability insurance analyst” means a person who, for a fee or compensation of any kind, paid by or derived from any person or source other than an insurer, advises, purports to advise, or offers to advise any person insured under, named as beneficiary of, or having any interest in, a life or disability insurance contract, in any manner concerning that contract or his or her rights in respect thereto.
(Amended by Stats. 1983, Ch. 962, Sec. 1.)
Terms Used In California Insurance Code 32.5
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19