Title 48 — Title 48 INSURANCE
101 chapters · 2,134 sections in this title.
RCW 48.23A.015 Definitions.
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The definitions in this section apply throughout this chapter unless the context requires otherwise.(1) "Actuarial standards board" means the board established by the American academy of actuaries to develop and adopt standards of actuarial practice.(2) "Contract premium" means t…
RCW 48.23A.020 Marketing with or without an illustration—Notice to commissioner—Conditions—Availability.
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(1) Each insurer marketing policies to which this chapter is applicable shall notify the commissioner whether a policy form is to be marketed with or without an illustration. For all policy forms being actively marketed on January 1, 1998, the insurer shall identify in writing th…
RCW 48.23A.030 Illustration used in sale—Label—Required basic information—Prohibitions—Use of interest rate.
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(1) An illustration used in the sale of a life insurance policy shall satisfy the applicable requirements of this chapter, be clearly labeled "life insurance illustration," and contain the following basic information:(a) Name of insurer;(b) Name and business address of producer o…
RCW 48.23A.040 Basic illustration—Conforming requirements—Brief descriptions—Numeric summaries—Required statements.
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(1) A basic illustration shall conform with the following requirements:(a) The illustration shall be labeled with the date on which it was prepared.(b) Each page, including any explanatory notes or pages, shall be numbered and show its relationship to the total number of pages in…
RCW 48.23A.050 Supplemental illustration—Conditions for use—Reference to basic illustration.
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(1) A supplemental illustration may be provided so long as:(a) It is appended to, accompanied by, or preceded by a basic illustration that complies with this chapter;(b) The nonguaranteed elements shown are not more favorable to the policy owner than the corresponding elements ba…
RCW 48.23A.060 Illustration used or not used during sale—Signed copy of illustration or acknowledgment of no use—Computer screen—Retained copies.
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(1)(a) If a basic illustration is used by an insurance producer or other authorized representative of the insurer in the sale of a life insurance policy and the policy is applied for as illustrated, a copy of that illustration, signed in accordance with this chapter, shall be sub…
RCW 48.23A.070 Policy designated for use of illustrations—Annual report—Required information—In-force illustrations—Notice of adverse changes.
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(1) In the case of a policy designated as one for which illustrations will be used, the insurer shall provide each policy owner with an annual report on the status of the policy that shall contain at least the following information:(a) For universal life policies, the report shal…
RCW 48.23A.080 Illustration actuaries—Conditions for appointment—Duties—Certifications—Disclosures to commissioner.
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(1) The board of directors of each insurer shall appoint one or more illustration actuaries.(2) The illustration actuary shall certify that the disciplined current scale used in illustrations is in conformity with the actuarial standard of practice for compliance with the nationa…
RCW 48.23A.090 Violations—RCW 48.30.010(1).
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In addition to any other penalties provided by law, an insurer or producer that violates a requirement of this chapter is guilty of a violation of RCW 48.30.010(1).[ 1997 c 313 s 11.]
RCW 48.23A.901 Effective date—Application—1997 c 313.
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This act takes effect January 1, 1998, and applies to policies sold on or after January 1, 1998.[ 1997 c 313 s 13.]
RCW 48.24.010 Group requirements.
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(1) No contract of life insurance shall hereafter be delivered or issued for delivery in this state insuring the lives of more than one individual unless to one of the groups as provided for in this chapter, and unless in compliance with the other provisions of this chapter.(2) S…
RCW 48.24.020 Employee groups.
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The lives of a group of individuals may be insured under a policy issued to an employer, or to the trustees of a fund established by an employer, which employer or trustee is deemed the policyholder, insuring employees of the employer for the benefit of persons other than the emp…
RCW 48.24.025 Payment of premium by employee when compensation suspended due to labor dispute.
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Any employee whose compensation includes group life insurance, the premiums for which are paid in full or in part by an employer including the state of Washington, its political subdivisions, or municipal corporations, or paid by payroll deduction, may pay the premiums as they be…
RCW 48.24.027 Offering group life insurance to state residents—Commissioner's findings.
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(1) Group life insurance offered to a resident of this state under a group life insurance policy may be issued to a group other than one described in RCW 48.24.020, 48.24.035, 48.24.040, 48.24.045, 48.24.050, 48.24.060, 48.24.070, 48.24.080, 48.24.090, or 48.24.095 subject to the…
RCW 48.24.030 Dependents of employees or members of certain groups.
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(1) Insurance under any group life insurance policy issued under RCW 48.24.020, 48.24.050, 48.24.060, 48.24.070, 48.24.090, or 48.24.027 may be extended to insure the spouse and dependent children, or any class or classes thereof, of each insured employee or member who so elects,…
RCW 48.24.035 Credit union groups.
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The lives of a group of individuals may be insured under a policy issued to a credit union, which shall be deemed the policyholder, to insure eligible members of such credit union for the benefit of persons other than the credit union or its officials, subject to the following re…
RCW 48.24.040 Debtor groups.
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The lives of a group of individuals may be insured under a policy issued to a creditor, who shall be deemed the policyholder, to insure debtors of the creditors, subject to the provisions of the insurance code relating to credit life insurance and credit accident and health insur…
RCW 48.24.045 Certain associations as groups.
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The lives of a group of individuals may be insured under a policy issued to an association which has been in active existence for at least one year, which has a constitution and bylaws, and which has been organized and is maintained in good faith for purposes other than that of o…
RCW 48.24.050 Labor union groups.
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The lives of a group of individuals may be insured under a policy issued to a labor union, which shall be deemed the policyholder, to insure members of such union for the benefit of persons other than the union or any of its officials, representatives or agents, subject to the fo…
RCW 48.24.060 Public employee associations.
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The lives of a group of public employees may be insured under a policy issued to the departmental head or to a trustee, or issued to an association of public employees formed for purposes other than obtaining insurance and having, when the policy is placed in force, a membership …
RCW 48.24.070 Trustee groups.
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The lives of a group of individuals may be insured under a policy issued to the trustees of a fund established by two or more employers or by two or more employer members of an employers' association, or by one or more labor unions, or by one or more employers and one or more lab…
RCW 48.24.080 Insurance producer groups.
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The lives of a group of individuals may be insured under a policy issued to a principal, or if such principal is a life insurer, by or to such principal, covering when issued not less than twenty-five insurance producers of such principal, subject to the following requirements:(1…
RCW 48.24.090 Washington state patrol.
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The lives of a group of individuals may be insured under a policy issued to the commanding officer, which commanding officer shall be deemed the policyholder, to insure not less than twenty-five of the members of the Washington state patrol. Such policy shall be for the benefit o…
RCW 48.24.095 Financial institutions.
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The lives of a group of individuals may be insured under a policy issued to a state or federally regulated financial institution, which financial institution shall be deemed the policyholder. The purpose of the policy shall be to insure the depositors or depositor members of the …
RCW 48.24.100 Standard provisions.
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No policy of group life insurance shall be delivered or issued for delivery in this state unless it contains in substance the standard provisions as required by RCW 48.24.110 to 48.24.200, inclusive, or provisions which in the opinion of the commissioner are more favorable to the…
RCW 48.24.110 Grace period.
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There shall be a provision that the policyholder is entitled to a grace period of thirty-one days for the payment of any premium due except the first, during which grace period the death benefit coverage shall continue in force, unless the policyholder has given the insurer writt…
RCW 48.24.120 Incontestability.
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There shall be a provision that the validity of the policy shall not be contested, except for nonpayment of premiums, after it has been in force for two years from its date of issue; and that no statement made by an individual insured under the policy relating to his or her insur…
RCW 48.24.130 The contract—Representations.
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There shall be a provision that a copy of the application, if any, of the policyholder shall be attached to the policy when issued and become a part of the contract; that all statements made by the policyholder or by the persons insured shall be deemed representations and not war…
RCW 48.24.140 Insurability.
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There shall be a provision setting forth the conditions, if any, under which the insurer reserves the right to require a person eligible for insurance to furnish evidence of individual insurability satisfactory to the insurer as a condition to part or all of his or her coverage.[…
RCW 48.24.150 Misstatement of age or sex.
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There shall be a provision specifying an equitable adjustment of premiums or of benefits or of both to be made in the event the age or sex of a person insured has been misstated, such provision to contain a clear statement of the method of adjustment to be used.[ 1983 1st ex.s. c…
RCW 48.24.160 Beneficiary—Funeral, last illness expenses.
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There shall be a provision that any sum becoming due by reason of the death of the individual insured shall be payable to the beneficiary designated by such individual, subject to the provisions of the policy in the event there is no designated beneficiary, as to all or any part …
RCW 48.24.170 Certificates.
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There shall be a provision that the insurer will issue to the policyholder for delivery to each individual insured a certificate setting forth a statement as to the insurance protection to which he or she is entitled, to whom the insurance benefits are payable, described by name,…
RCW 48.24.180 Conversion on termination of eligibility.
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There shall be a provision that if the insurance, or any portion of it, on an individual covered under the policy, other than a child insured pursuant to RCW 48.24.030, ceases because of termination of employment or of membership in the class or classes eligible for coverage unde…
RCW 48.24.190 Conversion on termination of policy.
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There shall be a provision that if the group policy terminates or is amended so as to terminate the insurance of any class of insured individuals, every individual insured thereunder at the date of such termination, other than a child insured pursuant to RCW 48.24.030, whose insu…
RCW 48.24.200 Death pending conversion.
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There shall be a provision that if a person insured under the group policy dies during the period within which he or she would have been entitled to have an individual policy issued to him or her in accordance with RCW 48.24.180 and 48.24.190, and before such an individual policy…
RCW 48.24.210 Limitation of liability.
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(1) The insurer may in any group life insurance contract provide that it is not liable, or is liable only in a reduced amount, for losses resulting:(a) From war or any act of war, declared or undeclared, or of service in the military, naval or air forces or in civilian forces aux…
RCW 48.24.240 Readjustment of premium.
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Any group life insurance contract may provide for a readjustment of the premium rate based on experience under that contract, at the end of the first or of any subsequent year of insurance, and which readjustment may be made retroactive for such policy year only.[1947 c 79 s .24.…
RCW 48.24.260 Application of dividends or rate reductions.
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Any policy dividends hereafter declared, or reduction in rate of premiums hereafter made or continued for the first or any subsequent year of insurance, under any policy of group life insurance heretofore or hereafter issued to any policyholder may be applied to reduce the policy…
RCW 48.24.270 Payment of proceeds—Interest, when delayed.
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(1) An insurer shall pay the proceeds of any benefits under a policy of group life insurance insuring the life of any person who was a resident of this state at the time of death. The proceeds must be paid not more than thirty days after the insurer has received satisfactory proo…
RCW 48.24.280 Group life insurance—Noninsurance benefits.
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(1) A life insurer may include the following noninsurance benefits as part of a policy or certificate of group life insurance, with the prior approval of the commissioner:(a) Will preparation services;(b) Financial planning and estate planning services;(c) Probate and estate sett…
RCW 48.24.900 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 …
RCW 48.25.010 Scope of chapter.
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The provisions of this chapter apply only to industrial life insurance contracts.[1947 c 79 s .25.01; Rem. Supp. 1947 s 45.25.01.]
RCW 48.25.020 Industrial life insurance defined.
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"Industrial" life insurance is any life insurance provided by an individual insurance contract issued in face amount of less than one thousand dollars, under which premiums are payable monthly or oftener, and bearing the words "industrial policy" printed upon the policy as a part…
RCW 48.25.030 Compliance enjoined.
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No policy of industrial life insurance shall be delivered or be issued for delivery in this state after January 1, 1948, except in compliance with the provisions of this chapter and with other applicable provisions of this code.[1947 c 79 s .25.03; Rem. Supp. 1947 s 45.25.03.]
RCW 48.25.040 Standard provisions.
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No such policy shall be so issued or delivered unless it contains in substance the provisions as required by this chapter, or provisions which in the opinion of the commissioner are more favorable to the policyholder.[1947 c 79 s .25.04; Rem. Supp. 1947 s 45.25.04.]
RCW 48.25.050 Grace period.
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There shall be a provision that the insured is entitled to a grace period of four weeks within which the payment of any premium after the first may be made, except that in policies the premiums for which are payable monthly, the period of grace shall be one month but not less tha…
RCW 48.25.060 Entire contract.
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There shall be a provision that the policy shall constitute the entire contract between the parties, or, if a copy of the application is endorsed upon or attached to the policy when issued, a provision that the policy and the application therefor shall constitute the entire contr…
RCW 48.25.070 Incontestability.
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There shall be a provision that the policy shall be incontestable after it has been in force during the lifetime of the insured for a period of two years from its date of issue except for nonpayment of premiums, and except, at the option of the insurer, as to supplemental provisi…
RCW 48.25.080 Misstatement of age.
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There shall be a provision that if it is found that the age of the individual insured, or the age of any other individual considered in determining the premium, has been misstated, any amount payable or benefit accruing under the policy shall be such as the premium would have pur…
RCW 48.25.090 Dividends.
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If a participating policy, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the policy, and that dividends arising from such apportionment shall be credited annually beginning not later than the fifth contract ye…