reglab/housing_qa huggingface dataset:
WA Rev Code § 48.23.020 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.020 - Standard provisions required—Life insurance.

RCW 48.23.020 Standard provisions required—Life insurance.(1) No policy of life insurance other than industrial, group and pure endowments with or without return of premiums or of premiums and interest, shall be delivered or issued for delivery in this state unless it contains in substance all of the provisions required by RCW 48.23.030 to 48.23.130, inclusive. This provision shall not apply to annuity contracts.(2) Any of such provisions or portions thereof not applicable to single premium or term policies shall to that extent not be incorporated therein.[1947 c 79 § .23.02; Rem. Supp. 1947 § 45.23.02.]
WA Rev Code § 48.23.030 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.030 - Grace period.

RCW 48.23.030 Grace period.There shall be a provision that the insured is entitled to a grace period of one month, but not less than thirty days, within which the payment of any premium after the first may be made, subject at the option of the insurer to an interest charge not in excess of six percent per annum for the number of days of grace elapsing before the payment of the premium, during which period of grace the policy shall continue in force, but in case the policy becomes a claim during the grace period before the overdue premium is paid, or the deferred premiums of the current policy year, if any, are paid, the amount of such premium or premiums with interest thereon may be deducted in any settlement under the policy.[1947 c 79 § .23.03; Rem. Supp. 1947 § 45.23.03.]
WA Rev Code § 48.23.040 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.040 - Entire contract—Representations.

RCW 48.23.040 Entire contract—Representations.In all such policies other than those containing a clause making the policy incontestable from date of issue, there shall be a provision that the policy and the application therefor, if a copy thereof has been endorsed upon or attached to the policy at issue and made a part thereof, shall constitute the entire contract between the parties, and that all statements made by the applicant or by the insured, shall, in the absence of fraud, be deemed representations and not warranties.[1947 c 79 § .23.04; Rem. Supp. 1947 § 45.23.04.]
WA Rev Code § 48.23.050 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.050 - Incontestability.

RCW 48.23.050 Incontestability.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 provisions relative to benefits in event of total and permanent disability and as to provisions which grant additional insurance specifically against accidental death.[1947 c 79 § .23.05; Rem. Supp. 1947 § 45.23.05.]
WA Rev Code § 48.23.060 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.060 - Misstatement of age.

RCW 48.23.060 Misstatement of age.There shall be a provision that if it is found that the age of the insured (or the age of any other individual considered in determining the premium) has been misstated, the amount payable under the policy shall be such as the premium would have purchased at the correct age or ages, according to the insurer's rate at date of issue.[1947 c 79 § .23.06; Rem. Supp. 1947 § 45.23.06.]
WA Rev Code § 48.23.070 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.070 - Participation in surplus.

RCW 48.23.070 Participation in surplus.(1) In all policies which provide for participation in the insurer's surplus, there shall be a provision that the policy shall so participate annually in the insurer's divisible surplus as apportioned by the insurer, beginning not later than the end of the third policy year. Any policy containing provision for annual participation beginning at the end of the first policy year, may also provide that each dividend shall be paid subject to the payment of the premiums for the next ensuing year. The insured under any annual dividend policy shall have the right each year to have the current dividend arising from such participation either paid in cash, or applied in accordance with such other dividend option as may be specified in the policy and elected by the insured. The policy shall further provide which of the options shall be effective if the insured shall fail to notify the insurer in writing of his or her election within the period of grace allowed for the payment of premium.(2) This section shall not apply to paid-up nonforfeiture benefits nor paid-up policies issued on default in payment of premiums.[ 2009 c 549 § 7107; 1947 c 79 § .23.07; Rem. Supp. 1947 § 45.23.07.]
WA Rev Code § 48.23.075 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.075 - Participation in surplus—Requirements for forms.

RCW 48.23.075 Participation in surplus—Requirements for forms.(1) Life insurance and annuity policy forms of the following types shall be defined and designated as participating forms of insurance only if they contain a provision for participation in the insurer's surplus, and shall be defined and designated as nonparticipating forms if they do not contain a provision for participation in the insurer's surplus:(a) Forms which provide that the premium or consideration at the time of issue and subsequent premiums or considerations will be established by the insurer based on current, or then current, projected assumptions for such factors as interest, mortality, persistency, expense, or other factors, subject to a maximum guaranteed premium or premiums set forth in the policy; and(b) Forms (except those for variable life insurance and variable annuity plans which are subject to chapter 48.18A RCW) which provide that their premiums or considerations are credited to an account to which interest is credited, and from which the cost of any life insurance or annuity benefits or other benefits or specified expenses are deducted.(2) The commissioner may by regulation further clarify the definitions and requirements contained in subsection (1) of this section, and may classify any other types of forms as participating or nonparticipating, consistent therewith.[ 1982 c 181 § 19.]NOTES:Severability—1982 c 181: See note following RCW 48.03.010.
WA Rev Code § 48.23.090 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.090 - Table of values and options.

RCW 48.23.090 Table of values and options.There shall be a table showing in figures the loan value, if any, and any options available under the policy each year upon default in premium payments, during at least the first twenty years of the policy, or for its life if maturity or expiry occurs in less than twenty years.[1947 c 79 § .23.09; Rem. Supp. 1947 § 45.23.09.]
WA Rev Code § 48.23.100 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.100 - Nonforfeiture options.

RCW 48.23.100 Nonforfeiture options.There shall be a provision specifying the option to which the policyholder is automatically entitled in the absence of the election of other nonforfeiture options upon default in premium payment after nonforfeiture values become available.[1947 c 79 § .23.10; Rem. Supp. 1947 § 45.23.10.]
WA Rev Code § 48.23.110 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.110 - Table of installments.

RCW 48.23.110 Table of installments.If the policy provides for payment of its proceeds in installments or as an annuity, a table showing the amount and period of such installments or annuity shall be included in the policy. Except, that if in the judgment of the commissioner it is not practical to include certain tables in the policy, the requirements of this section may be met as to such policy by the insurer filing such tables with the commissioner.[1947 c 79 § .23.11; Rem. Supp. 1947 § 45.23.11.]
WA Rev Code § 48.23.120 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.120 - Reinstatement.

RCW 48.23.120 Reinstatement.There shall be a provision that the policy may be reinstated at any time within three years after the date of default in the payment of any premium, unless the policy has been surrendered for its cash value, or the period of any extended insurance provided by the policy has expired, upon evidence of insurability satisfactory to the insurer and the payment of all overdue premiums, and payment (or, within the limits permitted by the then cash values of the policy, reinstatement) of any other indebtedness to the insurer upon the policy with interest as to premiums at a rate not exceeding six percent per annum compounded annually.[ 1981 c 247 § 4; 1947 c 79 § .23.12; Rem. Supp. 1947 § 45.23.12.]NOTES:Purpose—Effective date—1981 c 247: See notes following RCW 48.23.085.
WA Rev Code § 48.23.130 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.130 - Settlement on proof of death.

RCW 48.23.130 Settlement on proof of death.There shall be a provision that when a policy becomes a claim by the death of the insured, settlement shall be made upon receipt of due proof of death and surrender of the policy.[1947 c 79 § .23.13; Rem. Supp. 1947 § 45.23.13.]
WA Rev Code § 48.23.140 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.140 - Standard provisions—Annuities, pure endowment contracts.

RCW 48.23.140 Standard provisions—Annuities, pure endowment contracts.No annuity or pure endowment contract, other than reversionary annuities, or survivorship annuities, or group annuities, shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions specified in RCW 48.23.150 to 48.23.210 inclusive. Any of such provisions not applicable to single premium annuities or single premium pure endowment contracts shall not, to that extent, be incorporated therein.This section shall not apply to contracts for deferred annuities included in, or upon the lives of beneficiaries under, life insurance policies.[1947 c 79 § .23.14; Rem. Supp. 1947 § 45.23.14.]
WA Rev Code § 48.23.150 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.150 - Grace period—Annuities, pure endowments.

RCW 48.23.150 Grace period—Annuities, pure endowments.In such contracts, there shall be a provision that there shall be a period of grace of one month, but not less than thirty days, within which any stipulated payment to the insurer falling due after the first may be made, subject at the option of the insurer, to an interest charge thereon at a rate to be specified in the contract but not exceeding six percent per annum for the number of days of grace elapsing before such payment, during which period of grace, the contract shall continue in full force; but in case a claim arises under the contract on account of death prior to expiration of the period of grace before the overdue payment to the insurer of the deferred payments of the current contract year, if any, are made, the amount of such payments, with interest on any overdue payments, may be deducted from any amount payable under the contract in settlement.[1947 c 79 § .23.15; Rem. Supp. 1947 § 45.23.15.]
WA Rev Code § 48.23.160 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.160 - Incontestability—Annuities, pure endowments.

RCW 48.23.160 Incontestability—Annuities, pure endowments.If any statements, other than those relating to age, sex, and identity, are required as a condition to issuing such an annuity or pure endowment contract, and subject to RCW 48.23.180, there shall be a provision that the contract shall be incontestable after it has been in force during the lifetime of the person or of each of the persons as to whom such statements are required, for a period of two years from its date of issue, except for nonpayment of stipulated payments to the insurer; and at the option of the insurer, such contract may also except any provisions relative to benefits in the event of total and permanent disability and any provisions which grant insurance specifically against death by accident.[1947 c 79 § .23.16; Rem. Supp. 1947 § 45.23.16.]
WA Rev Code § 48.23.170 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.170 - Entire contract—Annuities, pure endowments.

RCW 48.23.170 Entire contract—Annuities, pure endowments.In such contracts there shall be a provision that the contract shall constitute the entire contract between the parties, or, if a copy of the application is endorsed upon or attached to the contract when issued, a provision that the contract and the application therefor shall constitute the entire contract between the parties.[1947 c 79 § .23.17; Rem. Supp. 1947 § 45.23.17.]
WA Rev Code § 48.23.180 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.180 - Misstatement of age or sex—Annuities, pure endowments.

RCW 48.23.180 Misstatement of age or sex—Annuities, pure endowments.In such contracts there shall be a provision that if the age or sex of the person or persons upon whose life or lives the contract is made, or if any of them has been misstated, the amount payable or benefit accruing under the contract shall be such as the stipulated payment or payments to the insurer would have purchased according to the correct age or sex; and that if the insurer shall make or has made any underpayment or underpayments or any overpayment or overpayments on account of any such misstatement, the amount thereof, with interest at the rate to be specified in the contract but not exceeding six percent per annum, shall, in the case of underpayment, be paid the insured or, in the case of overpayment, may be charged against the current or next succeeding payment or payments to be made by the insurer under the contract.[ 1982 c 181 § 12; 1947 c 79 § .23.18; Rem. Supp. 1947 § 45.23.18.]NOTES:Severability—1982 c 181: See note following RCW 48.03.010.
WA Rev Code § 48.23.190 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.190 - Dividends—Annuities, pure endowments.

RCW 48.23.190 Dividends—Annuities, pure endowments.If such contract is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.[1947 c 79 § .23.19; Rem. Supp. 1947 § 45.23.19.]
WA Rev Code § 48.23.200 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.200 - Nonforfeiture benefits—Annuities, pure endowments.

RCW 48.23.200 Nonforfeiture benefits—Annuities, pure endowments.Such contracts issued after the operative date of RCW 48.23.360 and individual deferred annuities issued before the operative date of RCW 48.23.420 through * 48.23.520 shall contain:(1) A provision that in the event of default in any stipulated payment, the insurer will grant a paid-up nonforfeiture benefit on a plan stipulated in the contract, effective as of such date, of such value as is hereinafter specified.(2) A statement of the mortality table and interest rate used in calculating the paid-up nonforfeiture benefit available under the contract.(3) An explanation of the manner in which the paid-up nonforfeiture benefits are altered by the existence of any paid-up additions credited to the contract or any indebtedness to the insurer on the contract.[ 1982 1st ex.s. c 9 § 34; 1979 c 157 § 3; 1947 c 79 § .23.20; Rem. Supp. 1947 § 45.23.20.]NOTES:*Reviser's note: RCW 48.23.520 was decodified pursuant to 2017 3rd sp.s. c 25 § 13.
WA Rev Code § 48.23.210 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.210 - Reinstatement—Annuities, pure endowments.

RCW 48.23.210 Reinstatement—Annuities, pure endowments.In such contracts there shall be a provision that the contract may be reinstated at any time within one year from the date of default in making stipulated payments to the insurer, unless the cash surrender value has been paid, but all overdue stipulated payments and any indebtedness to the insurer on the contract shall be paid or reinstated, with interest thereon at a rate to be specified in the contract but not exceeding six percent per annum payable annually, and in cases where applicable, the insurer may also include a requirement of evidence of insurability satisfactory to the insurer.[1947 c 79 § .23.21; Rem. Supp. 1947 § 45.23.21.]
WA Rev Code § 48.23.220 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.220 - Standard provisions—Reversionary annuities.

RCW 48.23.220 Standard provisions—Reversionary annuities.No contract for a reversionary annuity shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions specified in RCW 48.23.230 and 48.23.240. Any of such provisions not applicable to single premium annuities shall not, to that extent, be incorporated therein.This section shall not apply to group annuities or to annuities included in life insurance policies.[1947 c 79 § .23.22; Rem. Supp. 1947 § 45.23.22.]
WA Rev Code § 48.23.230 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.230 - Sections applicable.

RCW 48.23.230 Sections applicable.Any such reversionary annuity contract shall contain the provisions specified in RCW 48.23.150 to 48.23.190, inclusive, except that under RCW 48.23.150 the insurer may at its option provide for an equitable reduction of the amount of the annuity payments in settlement of an overdue or deferred payment in lieu of providing for a deduction of such payments from an amount payable upon a settlement under the contract.[1947 c 79 § .23.23; Rem. Supp. 1947 § 45.23.23.]
WA Rev Code § 48.23.240 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.240 - Reinstatement—Reversionary annuities.

RCW 48.23.240 Reinstatement—Reversionary annuities.In such reversionary annuity contracts there shall be a provision that the contract may be reinstated at any time within three years from the date of default in making stipulated payments to the insurer, upon production of evidence of insurability satisfactory to the insurer, and upon condition that all overdue payments and any indebtedness to the insurer on account of the contract be paid, or, within the limits permitted by the then cash values of the contract, reinstated, with interest as to both payments and indebtedness at a rate to be specified in the contract but not exceeding six percent per annum compounded annually.[1947 c 79 § .23.24; Rem. Supp. 1947 § 45.23.24.]
WA Rev Code § 48.23.250 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.250 - Supplemental benefits.

RCW 48.23.250 Supplemental benefits.The commissioner may make reasonable rules and regulations concerning the conditions in provisions granting additional benefits in event of the insured's accidental death, or in event the insured becomes totally and permanently disabled, which are a part of or supplemental to life insurance contracts.[1947 c 79 § .23.25; Rem. Supp. 1947 § 45.23.25.]
WA Rev Code § 48.23.260 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.260 - Limitation of liability.

RCW 48.23.260 Limitation of liability.(1) The insurer may in any life insurance policy or annuity or pure endowment contract limit its liability to a determinable amount not less than the full reserve of the policy and of dividend additions thereto in event only of death occurring:(a) As a result of war, or any act of war, declared or undeclared, or of service in the military, naval or air forces or in civilian forces auxiliary thereto, or from any cause while a member of any such military, naval or air forces of any country at war, declared or undeclared.(b) As a result of suicide of the insured, whether sane or insane, within two years from date of issue of the policy.(c) As a result of aviation under conditions specified in the policy.(2) An insurer may specify conditions pertaining to the items of subsection (1) of this section which in the commissioner's opinion are more favorable to the policyholder.[1947 c 79 § .23.26; Rem. Supp. 1947 § 45.23.26.]
WA Rev Code § 48.23.270 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.270 - Incontestability after reinstatement.

RCW 48.23.270 Incontestability after reinstatement.The reinstatement of any policy of life insurance or contract of annuity hereafter delivered or issued for delivery in this state may be contestable on account of fraud or misrepresentation of facts material to the reinstatement only for the same period following reinstatement as the policy provides with respect to contestability after original issuance.[1947 c 79 § .23.27; Rem. Supp. 1947 § 45.23.27.]
WA Rev Code § 48.23.290 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.23 - Life Insurance and Annuities.|48.23.290 - Premium deposits.

RCW 48.23.290 Premium deposits.(1) A life insurer may, under such policy provisions or agreements as have been approved by the commissioner consistent with this section, contract for and accept premium deposits in addition to the regular premiums specified in the policy, for the purpose of paying future premiums, or to facilitate conversion of the policy, or to increase the benefits thereof.(2) The unused accumulation from such deposits shall be held and accounted for as a premium deposit fund, and the policy or agreement shall provide for the manner of application of the premium deposit fund to the payment of premiums otherwise in default and for the disposition of the fund if it is not sufficient to pay the next premium.(3) Such fund shall:(a) Be available upon surrender of the policy, in addition to the cash surrender value; and(b) be payable upon the insured's death or upon maturity of the policy; and(c) be paid to the insured whenever the cash surrender value together with the premium deposit fund equals or exceeds the amount of insurance provided by the policy, unless the amount of the deposit does not exceed that which may be required to facilitate conversion of the policy to another plan in accordance with its terms.(4) No part of the premium deposit fund shall be paid to the insured during the continuance of the policy except at such times and in such amounts as is specified in the policy or in the deposit agreement.[1947 c 79 § .23.29; Rem. Supp. 1947 § 45.23.29.]