Title 48 — Title 48 INSURANCE
101 chapters · 2,134 sections in this title.
RCW 48.76.010 Short title—"NAIC" and "operative date of the valuation manual" defined.
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(1) This chapter may be known and cited as the standard nonforfeiture law for life insurance.(2) As used in this chapter:(a) "NAIC" means the national association of insurance commissioners.(b) "Operative date of the valuation manual" means the January 1st of the first calendar y…
RCW 48.76.020 Nonforfeiture and cash surrender provisions required.
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In the case of policies issued on and after the operative date of this chapter as defined in RCW 48.76.100, no policy of life insurance, except as stated in RCW 48.76.090, may be delivered or issued for delivery in this state unless it contains in substance the following provisio…
RCW 48.76.030 Amount of cash surrender value.
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(1) Subject to subsections (2) and (3) of this section, any cash surrender value available under the policy in the event of default in a premium payment due on any policy anniversary, whether or not required by RCW 48.76.020, shall be an amount not less than the excess, if any, o…
RCW 48.76.040 Nonforfeiture benefit in case of premium default.
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Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such that its present value as of such anniversary is at least equal to the cash surrender value then provided for by the policy or, if…
RCW 48.76.050 Calculation of adjusted premiums—Operative date of section.
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(1) This section does not apply to policies issued on or after the operative date of subsection (7) of this section. Except as provided in subsection (3) of this section, the adjusted premiums for any policy shall be calculated on an annual basis and shall be such uniform percent…
RCW 48.76.060 Requirements when specified methods of minimum values determination unfeasible.
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In the case of any plan of life insurance which provides for future premium determination, the amounts of which are to be determined by the insurance company based on then estimates of future experience, or in the case of any plan of life insurance which is of such a nature that …
RCW 48.76.070 Calculation of cash surrender value and paid-up nonforfeiture benefit.
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Any cash surrender value and any paid-up nonforfeiture benefit, available under the policy in the event of default in a premium payment due at any time other than on the policy anniversary, shall be calculated with allowance for the lapse of time and the payment of fractional pre…
RCW 48.76.080 Cash surrender value required for policies issued on or after January 1, 1986.
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(1) This section, in addition to all other applicable sections of this chapter, shall apply to all policies issued on or after January 1, 1986. Any cash surrender value available under the policy in the event of default in a premium payment due on any policy anniversary shall be …
RCW 48.76.090 Chapter inapplicable to certain policies.
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This chapter does not apply to any of the following:(1) Reinsurance;(2) Group insurance;(3) A pure endowment;(4) An annuity or reversionary annuity contract;(5) A term policy of a uniform amount, which provides no guaranteed nonforfeiture or endowment benefits, or renewal thereof…
RCW 48.76.100 Operative date of chapter.
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After July 10, 1982, any company may file with the commissioner a written notice of its election to comply with the provisions of this chapter. After the filing of such notice, then upon such specified date (which shall be the operative date for such company), this chapter become…
RCW 48.76.900 Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.
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For the purposes of this chapter, the terms spouse, marriage, marital, husband, wife, widow, widower, next of kin, and family shall be interpreted as applying equally to state registered domestic partnerships or individuals in state registered domestic partnerships as well as to …