D.C. Code § 41-152.12
This is the official text of D.C. Code § 41-152.12, part of District of Columbia’s Code — part of the compiled statutory law of District of Columbia, published by the state as "Code." Browse the sections below, each linked to its official government source.
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§ 41-152.12. Deposit account for proceeds of insurance policy or annuity contract.
Official statutory text
If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check or draft-writing privileges for the beneficiary of the policy or contract and, under a supplementary contract not involving annuity benefits other than death benefits, the proceeds are retained by the insurance company or the financial organization where the account is held, the policy or contract includes the assets in the account.
Status: in_force · Read it on the official government site
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