Title 48 — Title 48 INSURANCE
101 chapters · 2,134 sections in this title.
RCW 48.34.010 Declaration of purpose—Liberal construction.
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The purpose of this chapter is to promote the public welfare by regulating credit life insurance and credit accident and health insurance. Nothing in this chapter is intended to prohibit or discourage reasonable competition. The provisions of this chapter shall be liberally const…
RCW 48.34.020 Chapter part of insurance code—What insurance subject to chapter.
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(1) This chapter is a part of the insurance code.(2) All life insurance and all accident and health insurance in connection with loans or other credit transactions shall be subject to the provisions of this chapter, except such insurance under an individual policy in connection w…
RCW 48.34.030 Definitions.
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For the purpose of this chapter: (1) "Credit life insurance" means insurance on the life of a debtor pursuant to or in connection with a specific loan or other credit transaction;(2) "Credit accident and health insurance" means insurance on a debtor to provide indemnity for payme…
RCW 48.34.040 Authorized forms.
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Credit life insurance and credit accident and health insurance shall be issued only in the following forms:(1) Individual policies of life insurance issued to debtors on the term plan;(2) Individual policies of accident and health insurance issued to debtors on a term plan, or di…
RCW 48.34.050 Life—Limitation on amount under individual policy.
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The initial amount of credit life insurance under an individual policy shall not exceed the total amount repayable under the contract of indebtedness. Where an indebtedness is repayable in substantially equal installments, the amount of insurance shall at no time exceed the sched…
RCW 48.34.060 Life—Limitation on amount repayable under group policy.
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The initial amount of credit life insurance under a group policy shall at no time exceed the amount owed by the debtor which is repayable in installments to the creditor.[ 1987 c 130 s 1; 1983 1st ex.s. c 32 s 23; 1977 c 61 s 2; 1967 ex.s. c 82 s 1; 1961 c 219 s 6.]
RCW 48.34.070 Accident and health—Limitation on amount.
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The total amount of periodic indemnity payable by credit accident and health insurance in the event of disability, as defined in the policy, shall not exceed the aggregate of the periodic scheduled unpaid installments of the indebtedness; and the amount of such periodic indemnity…
RCW 48.34.080 Commencement, termination date of term.
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The term of any credit life insurance or credit accident and health insurance shall, subject to acceptance by the insurer, commence on the date when the debtor becomes obligated to the creditor: PROVIDED, That, where a group policy provides coverage with respect to existing oblig…
RCW 48.34.090 Policy or certificate—Contents—Delivery, copy of application or notice in lieu—Substitute insurer, premium, etc., on rejection.
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(1) All credit life insurance and credit accident and health insurance shall be evidenced by an individual policy, or in the case of group insurance by a certificate of insurance, which individual policy or group certificate of insurance shall be delivered to the debtor.(2) Each …
RCW 48.34.100 Filing policies, notices, riders, etc.—Approval by commissioner—Preexisting policies—Forms.
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(1) All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements, and riders delivered or issued for delivery in this state and the schedules of premium rates pertaining thereto shall be filed with the commissioner.(2) No such p…
RCW 48.34.110 Refunds—Credits—Charges to debtor.
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(1) Each individual policy, or group certificate shall provide that in the event of termination of the insurance prior to the scheduled maturity date of the indebtedness, any refund of an amount paid by the debtor for insurance shall be paid or credited promptly to the person ent…
RCW 48.34.120 Debtor's right to furnish and obtain own insurance.
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When the credit life insurance or credit accident and health insurance is required in connection with any credit transaction, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owne…