reglab/housing_qa huggingface dataset:
WA Rev Code § 48.23.300 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.300 - Policy settlements—Interest.

RCW 48.23.300 Policy settlements—Interest.Any life insurer shall have the power to hold under agreement the proceeds of any policy issued by it, upon such terms and restrictions as to revocation by the policyholder and control by beneficiaries, and with such exemptions from the claims of creditors of beneficiaries other than the policyholder as set forth in the policy or as agreed to in writing by the insurer and the policyholder. Upon maturity of a policy in the event the policyholder has made no such agreement, the insurer shall have the power to hold the proceeds of the policy under an agreement with the beneficiaries. The insurer shall not be required to segregate funds so held but may hold them as part of its general assets.An insurer shall pay interest on death benefits payable under the terms of a life insurance policy insuring the life of any person who was a resident of this state at the time of death. Such interest shall accrue commencing on the date of death at the rate then paid by the insurer on other withdrawable policy proceeds left with the company, but not less than eight percent. Benefits payable that have not been tendered to the beneficiary within ninety days of the receipt of proof of death shall accrue interest, commencing on the ninety-first day, at the aforementioned rate plus three percent. This section applies to death of insureds that occur on or after September 1, 1985.[ 1985 c 264 § 23; 1983 1st ex.s. c 32 § 21; 1947 c 79 § .23.30; Rem. Supp. 1947 § 45.23.30.]
WA Rev Code § 48.23.310 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.310 - Deduction of indebtedness.

RCW 48.23.310 Deduction of indebtedness.In determining the amount due under any life insurance policy heretofore or hereafter issued, deduction may be made of(1) any unpaid premiums or installments thereof for the current policy year due under the terms of the policy, and of(2) the amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid, such principal increased by unpaid interest and compounded as provided in this chapter.[1947 c 79 § .23.31; Rem. Supp. 1947 § 45.23.31.]
WA Rev Code § 48.23.320 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.320 - Miscellaneous proceeds.

RCW 48.23.320 Miscellaneous proceeds.Upon the death of the insured and except as is otherwise expressly provided by the policy or premium deposit agreement, a life insurer may pay to the surviving spouse, children, beneficiary, or other person other than the insured's estate, appearing to the insurer to be equitably entitled thereto, sums held by it and comprising:(1) Premiums paid in advance, and which premiums did not fall due prior to such death, or funds held on deposit for the payment of future premiums.(2) Dividends theretofore declared on the policy and held by the insurer under the insured's option.(3) Dividends becoming payable on or after the death of the insured.[1947 c 79 § .23.32; Rem. Supp. 1947 § 45.23.32.]
WA Rev Code § 48.23.330 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.330 - Trafficking in dividend rights.

RCW 48.23.330 Trafficking in dividend rights.No life insurer nor any of its representatives, agents, or affiliates, shall buy, take by assignment other than in connection with policy loans, or otherwise deal or traffic in any rights to dividends existing under participating life insurance policies issued by the insurer.[1947 c 79 § .23.33; Rem. Supp. 1947 § 45.23.33.]
WA Rev Code § 48.23.340 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.340 - Prohibited policy plans.

RCW 48.23.340 Prohibited policy plans.No life insurer shall hereafter issue for delivery or deliver in this state any life insurance policy:(1) Issued under any plan for the segregation of policyholders into mathematical groups and providing benefits for a surviving policyholder of a group arising out of the death of another policyholder of such group, or under any other similar plan.(2) Providing benefits or values for surviving or continuing policyholders contingent upon the lapse or termination of the policies of other policyholders, whether by death or otherwise.[1947 c 79 § .23.34; Rem. Supp. 1947 § 45.23.34.]
WA Rev Code § 48.23.345 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.345 - Juvenile life insurance—Speculative or fraudulent purposes.

RCW 48.23.345 Juvenile life insurance—Speculative or fraudulent purposes.Life insurers shall develop and implement underwriting standards and procedures designed to detect and prevent the purchase of juvenile life insurance for speculative or fraudulent purposes. These standards and procedures shall be made available for review by the commissioner.Life insurers shall maintain records of underwriting rejections of applications for life insurance on juvenile lives for a period of ten years.[ 2001 c 197 § 1.]NOTES:Effective date—2001 c 197: "This act takes effect August 1, 2001." [ 2001 c 197 § 2.]
WA Rev Code § 48.23.370 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.370 - Duties of insurer issuing both participating and nonparticipating policies—Rules.

RCW 48.23.370 Duties of insurer issuing both participating and nonparticipating policies—Rules.(1) A life insurer issuing both participating and nonparticipating policies shall maintain records which segregate the participating from the nonparticipating business and clearly show the profits and losses upon each such category of business.(2) For the purposes of such accounting the insurer shall make a reasonable allocation as between the respective such categories of the expenses of such general operations or functions as are jointly shared. Any allocation of expense as between the respective categories shall be made upon a reasonable basis, to the end that each category shall bear a just portion of joint expense involved in the administration of the business of such category.(3) No policy hereafter delivered or issued for delivery in this state shall provide for, and no life insurer or representative shall hereafter knowingly offer or promise payment, credit or distribution of participating "dividends," "earnings," "profits," or "savings," by whatever name called, to participating policies out of such profits, earnings or savings on nonparticipating policies.(4) The commissioner may promulgate rules for the purpose of assuring the equitable treatment of all policyholders so that one group of policyholders shall not support or be supported by another group of policyholders.[ 1982 c 181 § 13; 1965 ex.s. c 70 § 22.]NOTES:Severability—1982 c 181: See note following RCW 48.03.010.
WA Rev Code § 48.23.380 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.380 - Return of policy and refund of premium—Grace period—Notice—Effect.

RCW 48.23.380 Return of policy and refund of premium—Grace period—Notice—Effect.(1) Every individual life insurance policy issued after September 1, 1977, shall have printed on its face or attached thereto a notice stating in substance that the policy owner shall be permitted to return the policy within ten days after it is received by the policy owner and to have the premium paid refunded if, after examination of the policy, the policy owner is not satisfied with it for any reason. An additional ten percent penalty shall be added to any premium refund due which is not paid within thirty days of return of the policy to the insurer or insurance producer. If a policy owner pursuant to such notice, returns the policy to the insurer at its home or branch office or to the insurance producer through whom it was purchased, it shall be void from the beginning and the parties shall be in the same position as if no policy had been issued.(2) This section shall not apply to individual life insurance policies issued in connection with a credit transaction or issued under a contractual policy change or conversion privilege provision contained in a policy.(3) No later than January 1, 2010, or when the insurer has used all of its existing paper individual life insurance policy forms which were in its possession on July 1, 2009, whichever is earlier, the notice required by subsection (1) of this section shall use the term insurance producer in place of agent.[ 2008 c 217 § 26; 1983 1st ex.s. c 32 § 10; 1977 c 60 § 1.]NOTES:Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
WA Rev Code § 48.23.410 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.410 - Short title.

RCW 48.23.410 Short title.RCW 48.23.420 through * 48.23.520 shall be known as the standard nonforfeiture law for individual deferred annuities.[ 1982 1st ex.s. c 9 § 21.]NOTES:*Reviser's note: RCW 48.23.520 was decodified pursuant to 2017 3rd sp.s. c 25 § 13.
WA Rev Code § 48.23.420 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.420 - Inapplicability of enumerated sections to certain policies.

RCW 48.23.420 Inapplicability of enumerated sections to certain policies.RCW 48.23.420 through * 48.23.520 do not apply to any reinsurance; group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by an employer (including a partnership or sole proprietorship) or by an employee organization, or by both, other than a plan providing individual retirement accounts or individual retirement annuities under Section 408 of the Internal Revenue Code, as now or hereafter amended; premium deposit fund; variable annuity; investment annuity; immediate annuity; any deferred annuity contract after annuity payments have commenced; or reversionary annuity; nor to any contract which is delivered outside this state through an insurance producer or other representative of the company issuing the contract.[ 2008 c 217 § 27; 1982 1st ex.s. c 9 § 22.]NOTES:*Reviser's note: RCW 48.23.520 was decodified pursuant to 2017 3rd sp.s. c 25 § 13.Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
WA Rev Code § 48.23.450 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.450 - Minimum present value of paid-up annuity benefit.

RCW 48.23.450 Minimum present value of paid-up annuity benefit.Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.[ 1982 1st ex.s. c 9 § 25.]
WA Rev Code § 48.23.460 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.460 - Minimum cash surrender benefits—Death benefit.

RCW 48.23.460 Minimum cash surrender benefits—Death benefit.For contracts which provide cash surrender benefits, such cash surrender benefits available before maturity shall not be less than the present value as of the date of surrender of that portion of the maturity value of the paid-up annuity benefit which would be provided under the contract at maturity arising from considerations paid prior to the time of cash surrender reduced by the amount appropriate to reflect any prior withdrawals from or partial surrenders of the contract, such present value being calculated on the basis of an interest rate not more than one percent higher than the interest rate specified in the contract for accumulating the net considerations to determine such maturity value, decreased by the amount of any indebtedness to the company on the contract, including interest due and accrued, and increased by any existing additional amounts credited by the company to the contract. In no event may any cash surrender benefit be less than the minimum nonforfeiture amount at that time. The death benefit under such contracts shall be at least equal to the cash surrender benefit.[ 1982 1st ex.s. c 9 § 26.]
WA Rev Code § 48.23.470 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.470 - Contracts without cash surrender, death benefits—Minimum present value of paid-up annuity benefits.

RCW 48.23.470 Contracts without cash surrender, death benefits—Minimum present value of paid-up annuity benefits.For contracts which do not provide cash surrender benefits, the present value of any paid-up annuity benefit available as a nonforfeiture option at any time prior to maturity shall not be less than the present value of that portion of the maturity value of the paid-up annuity benefit provided under the contract arising from considerations paid before the time the contract is surrendered in exchange for, or changed to, a deferred paid-up annuity, such present value being calculated for the period prior to the maturity date on the basis of the interest rate specified in the contract for accumulating the net considerations to determine such maturity value, and increased by any existing additional amounts credited by the company to the contract. For contracts which do not provide any death benefits prior to the commencement of any annuity payments, such present values shall be calculated on the basis of such interest rate and the mortality table specified in the contract for determining the maturity value of the paid-up annuity benefit. However, in no event may the present value of a paid-up annuity benefit be less than the minimum nonforfeiture amount at that time.[ 1982 1st ex.s. c 9 § 27.]
WA Rev Code § 48.23.480 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.480 - Optional maturity dates.

RCW 48.23.480 Optional maturity dates.For the purpose of determining the benefits calculated under RCW 48.23.460 and 48.23.470, in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date shall be deemed to be the latest date for which election is permitted by the contract, but shall not be deemed to be later than the anniversary of the contract next following the annuitant's seventieth birthday or the tenth anniversary of the contract, whichever is later.[ 1982 1st ex.s. c 9 § 28.]
WA Rev Code § 48.23.490 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.490 - Statement required in contract without cash surrender or death benefits.

RCW 48.23.490 Statement required in contract without cash surrender or death benefits.Any contract which does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to the commencement of any annuity payments shall include a statement in a prominent place in the contract that such benefits are not provided.[ 1982 1st ex.s. c 9 § 29.]
WA Rev Code § 48.23.500 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.500 - Calculation of benefits available other than on contract anniversary.

RCW 48.23.500 Calculation of benefits available other than on contract anniversary.Any paid-up annuity, cash surrender, or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.[ 1982 1st ex.s. c 9 § 30.]
WA Rev Code § 48.23.510 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.510 - Additional benefits.

RCW 48.23.510 Additional benefits.For any contract which provides, within the same contract by rider or supplemental contract provision, both annuity benefits and life insurance benefits that are in excess of the greater of cash surrender benefits or a return of the gross considerations with interest, the minimum nonforfeiture benefits shall be equal to the sum of the minimum nonforfeiture benefits for the annuity portion and the minimum nonforfeiture benefits, if any, for the life insurance portion computed as if each portion were a separate contract. Notwithstanding the provisions of RCW 48.23.450, 48.23.460, 48.23.470, 48.23.480, and 48.23.500, additional benefits payable (1) in the event of total and permanent disability, (2) as reversionary annuity or deferred reversionary annuity benefits, or (3) as other policy benefits additional to life insurance, endowment, and annuity benefits, and considerations for all such additional benefits, shall be disregarded in ascertaining the minimum nonforfeiture amounts, paid-up annuity, or cash surrender and death benefits that may be required by RCW 48.23.410 through * 48.23.520. The inclusion of such additional benefits shall not be required in any paid-up benefits, unless such additional benefits separately would require minimum nonforfeiture amounts, paid-up annuity, or cash surrender and death benefits.[ 1982 1st ex.s. c 9 § 31.]NOTES:*Reviser's note: RCW 48.23.520 was decodified pursuant to 2017 3rd sp.s. c 25 § 13.
WA Rev Code § 48.23.525 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.525 - Individual life insurance—Noninsurance benefits—Rules.

RCW 48.23.525 Individual life insurance—Noninsurance benefits—Rules.(1) A life insurer may include the following noninsurance benefits as part of a policy of individual life insurance, with the prior approval of the commissioner:(a) Will preparation services;(b) Financial planning and estate planning services;(c) Probate and estate settlement services;(d) Products or services related to any policy of individual life insurance that are intended to incent behavioral changes that improve the health and reduce the risk of death of the insured; and(e) Such other services as the commissioner may identify by rule.(2) For products and services referenced in subsection (1)(d) of this section, the commissioner may adopt rules that include minimum product or service standards to protect policyholder privacy rights; establish standards for ensuring that incentives, in the aggregate, are directed to sharing the benefit of improving risk experience; and implement consumer protection design and administration of such product or service.(3) The commissioner may adopt rules to ensure disclosure of the noninsurance benefits permitted under this section, including but not limited to guidelines concerning the provision of the coverage.(4) Those providing the services listed in subsection (1) of this section must be appropriately licensed.(5) This section does not require the commissioner to approve any particular proposed noninsurance benefit. The commissioner may disapprove any proposed noninsurance benefit that the commissioner determines may tend to promote or facilitate the violation of any other section of this title.(6) This section does not expand, limit, or otherwise affect the authority and ethical obligations of those who are authorized by the state supreme court to practice law in this state. This section does not limit the prohibition against the unauthorized practice of law under chapter 2.48 RCW.(7) This section does not affect the application of chapter 21.20 RCW.[ 2020 c 197 § 4; 2009 c 76 § 1.]NOTES:Effective date—2020 c 197: See note following RCW 48.30.140.
WA Rev Code § 48.23.900 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.900 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.

RCW 48.23.900 Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.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 marital relationships and married persons, and references to dissolution of marriage shall apply equally to state registered domestic partnerships that have been terminated, dissolved, or invalidated, to the extent that such interpretation does not conflict with federal law. Where necessary to implement chapter 521, Laws of 2009, gender-specific terms such as husband and wife used in any statute, rule, or other law shall be construed to be gender neutral, and applicable to individuals in state registered domestic partnerships.[ 2009 c 521 § 119.]
WA Rev Code § 48.23A.005 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23A - Life Insurance Policy Illustrations.|48.23A.005 - Purpose—Standards for life insurance policy illustrations.

RCW 48.23A.005 Purpose—Standards for life insurance policy illustrations.The purpose of this chapter is to provide standards for life insurance policy illustrations that will protect consumers and foster consumer education by providing illustration formats, prescribing standards to be followed when illustrations are used, and specifying the disclosures that are required in connection with illustrations. The goals of these standards are to ensure that illustrations do not mislead purchasers of life insurance and to make illustrations more understandable. Insurers will, as far as possible, eliminate the use of footnotes and caveates and define terms used in the illustration in language that would be understood by a typical person within the segment of the public to which the illustration is directed.[ 1997 c 313 § 1.]
WA Rev Code § 48.23A.010 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23A - Life Insurance Policy Illustrations.|48.23A.010 - Scope of chapter—Exceptions.

RCW 48.23A.010 Scope of chapter—Exceptions.This chapter applies to all group and individual life insurance policies and certificates except:(1) Variable life insurance;(2) Individual and group annuity contracts;(3) Credit life insurance; or(4) Life insurance policies with no illustrated death benefits on any individual exceeding ten thousand dollars.[ 1997 c 313 § 2.]