reglab/housing_qa huggingface dataset:
WA Rev Code § 48.36A.150 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.150 - Conversion to mutual life insurance company.

RCW 48.36A.150 Conversion to mutual life insurance company.Any domestic fraternal benefit society may be converted and licensed as a mutual life insurance company by compliance with all the requirements of the insurance laws of this state for mutual life insurance companies. A plan of conversion shall be prepared in writing by the board of directors setting forth in full the terms and conditions of conversion. The affirmative vote of two-thirds of all members of the supreme governing body at a regular or special meeting shall be necessary for the approval of such plan, or if the society is organized under the direct election method pursuant to RCW 48.36A.030(1)(b), the plan of conversion shall be submitted by mail to the benefit members or the plan may be published in the official publication authorized by RCW 48.36A.070(2)(a). The affirmative vote of two-thirds of the benefit members voting thereon shall be necessary for the approval of the plan. No conversion shall take effect unless and until approved by the commissioner who may give approval if the commissioner finds that the proposed change is in conformity with the requirements of law and not prejudicial to the certificate holders of the society.[ 1987 c 366 § 15.]
WA Rev Code § 48.36A.160 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.160 - Contractual benefits.

RCW 48.36A.160 Contractual benefits.(1) A society may provide the following contractual benefits in any form:(a) Death benefits;(b) Endowment benefits;(c) Annuity benefits;(d) Temporary or permanent disability benefits;(e) Hospital, medical, or nursing benefits;(f) Monument or tombstone benefits to the memory of deceased members; and(g) Such other benefits as authorized for life insurers and which are not inconsistent with this chapter.(2) A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection (1) of this section, consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person.[ 1987 c 366 § 16.]
WA Rev Code § 48.36A.170 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.170 - Designation of beneficiary—Funeral benefits.

RCW 48.36A.170 Designation of beneficiary—Funeral benefits.(1) The owner of a benefit contract shall have the right at all times to change the beneficiary or beneficiaries in accordance with the laws or rules of the society unless the owner waives this right by specifically requesting in writing that the beneficiary designation be irrevocable. A society may, through its laws or rules, limit the scope of beneficiary designations and shall provide that no revocable beneficiary shall have or obtain any vested interest in the proceeds of any certificate until the certificate has become due and payable in conformity with the provisions of the benefit contract.(2) A society may make provision for the payment of funeral benefits to the extent of such portion of any payment under a certificate as might reasonably appear to be due to any person equitably entitled thereto by reason of having incurred expense occasioned by the burial of the member, provided the portion paid shall not exceed the sum of one thousand dollars.(3) If, at the death of any person insured under a benefit contract, there is no lawful beneficiary to whom the proceeds shall be payable, the amount of the benefit, except to the extent that funeral benefits may be paid under this section, shall be payable to the personal representative of the deceased insured, provided that if the owner of the certificate is other than the insured, the proceeds shall be payable to the owner.[ 1987 c 366 § 17.]
WA Rev Code § 48.36A.180 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.180 - Protection of benefits.

RCW 48.36A.180 Protection of benefits.No money or other benefit, charity, relief, or aid to be paid, provided or rendered by any society, shall be liable to attachment, garnishment, or other process, or to be seized, taken, appropriated, or applied by any legal or equitable process or operation of law to pay any debt or liability of a member or beneficiary, or any other person who may have a right thereunder, either before or after payment by the society.[ 1987 c 366 § 18.]
WA Rev Code § 48.36A.200 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.200 - Paid-up nonforfeiture benefits and cash surrender values.

RCW 48.36A.200 Paid-up nonforfeiture benefits and cash surrender values.(1) For certificates issued prior to one year after January 1, 1988, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall comply with the provisions of law applicable immediately prior to January 1, 1988.(2) For certificates issued on or after one year from January 1, 1988, for which reserves are computed on the commissioner's 1941 standard ordinary mortality table, the commissioner's 1941 standard industrial table or the commissioner's 1958 standard ordinary mortality table, or the commissioner's 1980 standard mortality table, or any more recent table made applicable to life insurers, every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall not be less than the corresponding amount ascertained in accordance with the laws of this state applicable to life insurers issuing policies containing like benefits based upon such tables.(3) For annuity certificates issued on or after one year from January 1, 1988, every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall not be less than the corresponding amount ascertained in accordance with the laws of this state applicable to life insurers issuing annuities.[ 1987 c 366 § 20.]
WA Rev Code § 48.36A.210 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.210 - Authorized investments.

RCW 48.36A.210 Authorized investments.A society shall invest its funds only in investments that are authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this state which invests its funds in accordance with the laws of the state, district, territory, country, or province in which it is incorporated, shall be deemed to have met the requirements of this section for the investment of funds.[ 1987 c 366 § 21.]
WA Rev Code § 48.36A.220 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.220 - Assets—Investment and disbursement.

RCW 48.36A.220 Assets—Investment and disbursement.(1) All assets shall be held, invested, and disbursed for the use and benefit of the society and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment on the surrender of any part thereof, except as provided in the benefit contract.(2) A society may create, maintain, invest, disburse, and apply any special fund or funds necessary to carry out any purpose permitted by the laws of the society.(3) A society may, pursuant to resolution of its supreme governing body, establish and operate one or more separate accounts and issue contracts on a variable basis, subject to all the provisions of law regulating life insurers establishing such accounts and issuing such contracts, as provided in chapter 48.18A RCW. To the extent the society deems it necessary in order to comply with any applicable federal or state laws, or any rules issued thereunder, the society may adopt special procedures for the conduct of the business and affairs of a separate account, may, for persons having beneficial interests therein, provide special voting and other rights, including without limitation special rights and procedures relating to investment policy, investment advisory services, selection of certified public accountants, and selection of a committee to manage the business and affairs of the account, and may issue contracts on a variable basis to which RCW 48.36A.190 (2) and (4) shall not apply.[ 1987 c 366 § 22.]
WA Rev Code § 48.36A.230 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.230 - Chapter exclusive.

RCW 48.36A.230 Chapter exclusive.Societies shall be governed by this chapter and shall be exempt from all other provisions of the insurance laws of this state unless they are expressly designated therein, or unless it is specifically made applicable by this chapter.[ 1987 c 366 § 23.]
WA Rev Code § 48.36A.240 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.240 - Funds tax exempt, exception.

RCW 48.36A.240 Funds tax exempt, exception.Every society organized or licensed under this chapter is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all and every state, county, district, municipal, and school tax, other than taxes on real estate and office equipment.[ 1987 c 366 § 24.]
WA Rev Code § 48.36A.250 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.250 - Valuation standards—Reserves.

RCW 48.36A.250 Valuation standards—Reserves.(1) Standards of valuation for certificates issued prior to one year after January 1, 1988, shall be those provided by the laws applicable immediately prior to January 1, 1988.(2) The minimum standards of valuation for certificates issued on or after one year from January 1, 1988, shall be based on the following tables:(a) For certificates of life insurance: The commissioner's 1941 standard ordinary mortality table, the commissioner's 1941 standard industrial mortality table, the commissioner's 1958 standard ordinary mortality table, the commissioner's 1980 standard ordinary mortality table, or any more recent table made applicable to life insurers;(b) For annuity and pure endowment certificates, for total and permanent disability benefits, for accidental death benefits, and for noncancellable accident and health benefits: Such tables as are authorized for use by life insurers in this state.All of the above shall be under valuation methods and standards, including interest assumptions, in accordance with the laws of this state applicable to life insurers issuing policies containing like benefits.(3) The commissioner may, in the commissioner's discretion, accept other standards for valuation if the commissioner finds that the reserves produced thereby will not be less in the aggregate than reserves computed in accordance with the minimum valuation standard herein prescribed. The commissioner may, in the commissioner's discretion, vary the standards of mortality applicable to all benefit contracts on substandard lives or other extra hazardous lives by any society authorized to do business in this state.(4) Any society, with the consent of the commissioner of insurance of the state of domicile of the society and under the conditions, if any, which the commissioner may impose, may establish and maintain reserves on its certificates in excess of the reserves required by this section, but the contractual rights of any benefit member shall not be affected thereby.[ 1987 c 366 § 25.]
WA Rev Code § 48.36A.260 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.260 - Annual financial statement.

RCW 48.36A.260 Annual financial statement.(1) Every domestic society shall annually, on or before the first day of March, unless for cause shown such time has been extended by the commissioner, file with the commissioner a true statement of its financial condition, transactions, and affairs for the preceding calendar year and pay a fee of ten dollars for filing. The statement shall be in general form and context as approved by the national association of insurance commissioners for fraternal benefit societies and as supplemented by additional information required by the commissioner.(2) All domestic, foreign, and alien societies transacting business in this state shall annually, on or before March 1st of each year, file with the national association of insurance commissioners a copy of its annual statement convention blank in electronic form.(3) As part of the required annual statement, each society shall, on or before the first day of March, file with the commissioner a valuation of its certificates in force on December 31st last preceding, provided the commissioner may, in the commissioner's discretion for cause shown, extend the time for filing the valuation for not more than two calendar months. The valuation shall be done in accordance with the standards specified in RCW 48.36A.250. The valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state of domicile of the society.(4) A society neglecting to file the annual statement in the form and within the time provided by this section shall forfeit one hundred dollars for each day during which the neglect continues, and, upon notice by the commissioner, its authority to do business in this state shall cease while the default continues.[ 2007 c 80 § 4; 1987 c 366 § 26.]
WA Rev Code § 48.36A.263 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.263 - Filing of financial statements.

RCW 48.36A.263 Filing of financial statements.Every fraternal benefit society holding a certificate of authority shall file its financial statements as required by this code and by the commissioner in accordance with the accounting practices and procedures manuals as adopted by the national association of insurance commissioners, unless otherwise provided by law.[ 1999 c 33 § 2.]
WA Rev Code § 48.36A.270 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.270 - Licenses and renewals—Fees—Existing societies.

RCW 48.36A.270 Licenses and renewals—Fees—Existing societies.A license under this chapter continues in force until suspended, revoked, or not renewed. A license is subject to renewal annually on the first day of July upon payment of the fee for the license. If not so renewed, the certificate expires as of the thirtieth day of June of the same year. Licenses existing on June 9, 1994, continue in force until July 1, 1995, unless revoked or suspended. For each license or renewal the society shall pay the commissioner the fee established pursuant to RCW 48.14.010, subject to the retaliatory provision of RCW 48.14.040. A certified copy or duplicate of the license shall be prima facie evidence that the licensee is a fraternal benefit society within the meaning of this chapter.[ 1994 c 131 § 1; 1987 c 366 § 27.]
WA Rev Code § 48.36A.272 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.272 - Notice of intent to suspend, revoke, or refuse to renew a license.

RCW 48.36A.272 Notice of intent to suspend, revoke, or refuse to renew a license.The commissioner shall give a society notice of his or her intention to suspend, revoke, or refuse to renew its license not less than ten days before the effective date of the order of suspension, revocation or refusal, except that advance notice of intention is not required where the order results from a domestic society's failure to make good a deficiency of assets as required by the commissioner.[ 1996 c 236 § 4.]
WA Rev Code § 48.36A.274 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.274 - Duration of suspension.

RCW 48.36A.274 Duration of suspension.The commissioner shall not suspend a society's license for a period in excess of one year, and shall state in his or her order of suspension the period during which the order is effective.[ 1996 c 236 § 5.]
WA Rev Code § 48.36A.276 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.276 - Reauthorization of license.

RCW 48.36A.276 Reauthorization of license.A society whose license has been suspended, revoked, or refused may not subsequently be authorized unless the grounds for the suspension, revocation, or refusal no longer exist and the society is otherwise fully qualified.[ 1996 c 236 § 6.]
WA Rev Code § 48.36A.278 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.278 - Notice to agents of loss of authority.

RCW 48.36A.278 Notice to agents of loss of authority.Upon the suspension, revocation, or refusal of a society's license, the commissioner shall give notice to the society and shall suspend, revoke, or refuse the authority of its agents to represent it in this state and give notice to the agents.[ 1996 c 236 § 7.]
WA Rev Code § 48.36A.280 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.280 - Examinations.

RCW 48.36A.280 Examinations.(1) The commissioner, or any person the commissioner may appoint, may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in this state in the same manner as authorized by chapter 48.03 RCW. Requirements of notice and an opportunity to respond before findings are made public as provided in the laws regulating insurers shall also be applicable to the examination of societies.(2) The expense of each examination and of each valuation, including the compensation and actual expense of examiners, shall be paid by the society examined or whose certificates are valued. The payments shall be made upon receipt of statements furnished by the commissioner.[ 1987 c 366 § 28.]
WA Rev Code § 48.36A.284 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.284 - Determination of financial condition—Hazardous to certificate holders—Commissioner's order—Hearing.

RCW 48.36A.284 Determination of financial condition—Hazardous to certificate holders—Commissioner's order—Hearing.(1) For the purpose of making a determination of a society's financial condition, the commissioner may:(a) Disregard any credit or amount receivable resulting from transactions with a reinsurer that is insolvent, impaired, or otherwise subject to a delinquency proceeding;(b) Make appropriate adjustments to asset values attributable to investments in or transactions with parents, subsidiaries, or affiliates;(c) Refuse to recognize the stated value of accounts receivable if the ability to collect receivables is highly speculative in view of the age of the account or the financial condition of the debtor; or(d) Increase the society's liability in an amount equal to any contingent liability, pledge, or guarantee not otherwise included if there is a substantial risk that the society will be called upon to meet the obligation undertaken within the next twelve-month period.(2) If the commissioner determines that the continued operation of the society authorized to transact business in this state may be hazardous to the certificate holders, then the commissioner may, in conjunction with or in lieu of a notice required or permitted by RCW 48.36A.272, issue an order requiring the society to:(a) Reduce the total amount of present and potential liability for policy benefits by reinsurance;(b) Reduce, suspend, or limit the volume of business being accepted or renewed;(c) Reduce general insurance and commission expenses by specified methods;(d) Increase the society's surplus;(e) Suspend or limit the declaration and payment of refunds by a society to its members;(f) File reports in a form acceptable to the commissioner concerning the market value of a society's assets;(g) Limit or withdraw from certain investments or discontinue certain investment practices to the extent the commissioner deems necessary;(h) Document the adequacy of premium rates in relation to the risks insured; or(i) File, in addition to regular annual statements, interim financial reports on the form adopted by the national association of insurance commissioners or on a format promulgated by the commissioner.(3) Any society subject to an order under subsection (2) of this section may make a written demand for a hearing, subject to the requirements of RCW 48.04.010, by specifying in what respects it is aggrieved and the grounds to be relied upon as basis for the relief to be demanded at the hearing.[ 1996 c 236 § 9.]
WA Rev Code § 48.36A.286 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.36A - Fraternal Benefit Societies.|48.36A.286 - Rehabilitation, liquidation, or conservation of society—Same as insurance companies—Priority of distribution of claims.

RCW 48.36A.286 Rehabilitation, liquidation, or conservation of society—Same as insurance companies—Priority of distribution of claims.(1) Any rehabilitation, liquidation, or conservation of a domestic fraternal benefit society is the same as the rehabilitation, liquidation, or conservation of an insurance company and shall be conducted under the supervision of the commissioner pursuant to the law governing the rehabilitation, liquidation, or conservation of insurance companies. The commissioner may apply for an order directing the commissioner to rehabilitate, liquidate, or conserve a domestic fraternal benefit society upon any one or more of the following grounds: That the domestic fraternal benefit society:(a) Is insolvent; or(b) Has ceased transacting insurance business for a period of one year; or(c) Is insolvent and has commenced voluntary liquidation or dissolution, or attempts to commence or prosecute any action or proceeding to liquidate its business or affairs, or to dissolve its corporate charter, or to procure the appointment of a receiver, trustee, custodian, or sequestrator under any law except this code; or(d) Any of the matters set forth in RCW 48.36A.310.(2) The priority of the distribution of claims from a domestic fraternal benefit society's estate shall be as set forth in RCW 48.31.280.[ 1996 c 236 § 10.]