reglab/statecodes huggingface dataset:
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.030 - Deposit required—Duration.

RCW 48.35.030
Deposit required—Duration.
The deposit required by this chapter must be for the benefit, security, and protection of the policyholders or creditors, or both, of the insurer in the United States. It shall be maintained as long as there is outstanding any liability of the insurer arising out of its insurance transactions in the United States.
[ 1991 c 268 § 4.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.040 - Trusts created before May 17, 1991.

RCW 48.35.040
Trusts created before May 17, 1991.
All trusts of trusteed assets created before May 17, 1991, must be continued under the instruments creating those trusts. If the commissioner determines that the instruments are inconsistent with the provisions of this chapter, the insurer shall correct those inconsistencies within six months of the commissioner's determination.
[ 1991 c 268 § 3.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.050 - Alien insurer—State authorization required.

RCW 48.35.050
Alien insurer—State authorization required.
An alien insurer proposing to use this state as a state of entry to transact insurance in the United States, must be authorized to transact insurance in this state and may make and execute any trust agreement required by this chapter.
[ 1991 c 268 § 6.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.060 - Trusteed assets—Creation—Commissioner's approval of trust agreement.

RCW 48.35.060
Trusteed assets—Creation—Commissioner's approval of trust agreement.
(1) The alien insurer shall create the trusteed assets required by this chapter under a written trust agreement between the insurer and the trustee, consistent with the provisions of this chapter, and in such form and manner as the commissioner may designate or approve.
(2) The agreement is effective when filed with and approved in writing by the commissioner. The commissioner shall not approve any trust agreement not found to be in compliance with state or federal law or the terms of which do not in fact provide reasonably adequate protection for the insurer's policyholders or creditors, or both, in the United States.
[ 1991 c 268 § 5.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.070 - Trust agreement—Amendment.

RCW 48.35.070
Trust agreement—Amendment.
A trust agreement may be amended. However, the amendment is not effective until filed with the commissioner and the commissioner finds and states in writing that the amendment is in compliance with this chapter.
[ 1991 c 268 § 7.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.080 - Trust agreement—Withdrawal of commissioner's approval.

RCW 48.35.080
Trust agreement—Withdrawal of commissioner's approval.
The commissioner may withdraw his or her approval of a trust agreement, or of an amendment to the agreement, if the commissioner determines that the requisites for the approval no longer exist. The determination shall be made after notice and a hearing as provided in chapter 48.04 RCW.
[ 1991 c 268 § 8.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.090 - Trust agreement—Vesting of trusteed assets.

RCW 48.35.090
Trust agreement—Vesting of trusteed assets.
The trust agreement must provide that title to the trusteed assets vests and remains vested in the trustees and their successors for the purposes of the trust deposit.
[ 1991 c 268 § 9.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.100 - Trusteed assets—Trustee's records.

RCW 48.35.100
Trusteed assets—Trustee's records.
The trustee shall keep the trusteed assets separate from other assets and shall maintain a record sufficient to identify the trusteed assets at all times.
[ 1991 c 268 § 10.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.110 - Trusteed assets—Trustee's statements—Commissioner's approval.

RCW 48.35.110
Trusteed assets—Trustee's statements—Commissioner's approval.
(1) The trustee of trusteed assets shall file statements with the commissioner, in a form required by the commissioner, certifying the character and amount of the assets.
(2) If the trustee fails to file a requested statement after a reasonable time has expired, the commissioner may suspend or revoke the certificate of authority of the insurer required under RCW 48.05.030.
[ 1991 c 268 § 11.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.120 - Trusteed assets—Examination—Commissioner's approval of assignment or transfer.

RCW 48.35.120
Trusteed assets—Examination—Commissioner's approval of assignment or transfer.
(1) The commissioner may examine trusteed assets of any insurer at any time in accordance with the same conditions and procedures governing the examination of insurers provided in chapter 48.03 RCW.
(2) The depositing insurer shall not assign or transfer, voluntarily, involuntarily, or by operation of law, all or a part of its interest in the trusteed assets without the prior written approval of the commissioner, and a transfer or assignment occurring without approval is void. The assignee or transferee of the trusteed assets shall irrevocably and automatically assume all of the obligations and liabilities of the assignor or transferor.
[ 1991 c 268 § 12.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.130 - Trusteed assets—Commissioner's approval of withdrawals.

RCW 48.35.130
Trusteed assets—Commissioner's approval of withdrawals.
(1) The trust agreement must provide that the commissioner shall authorize and approve in writing all withdrawals of trusteed assets in advance except as follows:
(a) Any or all income, earnings, dividends, or interest accumulations of the trusteed assets may be paid over to the United States manager of the insurer upon request of the insurer or the manager;
(b) Withdrawals coincident with substitutions of securities or assets that are at least equal in value to those being withdrawn, if the substituted securities or assets would be eligible for investment by domestic insurers, and the insurer's United States manager requests the withdrawal in writing under a general or specific written authority previously given or delegated by the insurer's board of directors, or other similar governing body, and a copy of such authority has been filed with the trustee;
(c) For the purpose of making deposits required by another state in which the insurer is, or becomes, an authorized insurer and for the protection of the insurer's policyholders or creditors, or both, in the state or United States, if the withdrawal does not reduce the insurer's deposit in this state to an amount less than the minimum deposit required. The trustee shall transfer any assets withdrawn and in the amount required to be deposited in the other state, directly to the depositary required to receive the deposit as certified in writing by the public official having supervision of insurance in that state; and
(d) For the purpose of transferring the trusteed assets to an official liquidator, conservator, or rehabilitator under an order of a court of competent jurisdiction.
(2) The commissioner shall authorize a withdrawal of only those assets that are in excess of the amount of assets required to be held in trust, or as may otherwise be consistent with the provisions of this chapter.
(3) If at any time the insurer becomes insolvent or if its assets held in the United States are less than required as determined by the commissioner, the commissioner shall order in writing the trustee to suspend the withdrawal of assets until a further order of the commissioner releasing the assets.
[ 1991 c 268 § 13.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.140 - Trusteed assets—Substitution of trustee.

RCW 48.35.140
Trusteed assets—Substitution of trustee.
A new trustee may be substituted for the original trustee of trusteed assets in the event of a vacancy or for other proper cause. Any such substitution is subject to the commissioner's approval.
[ 1991 c 268 § 14.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.150 - Trusteed assets—Compensation and expenses of trustees.

RCW 48.35.150
Trusteed assets—Compensation and expenses of trustees.
The insurer shall provide for the compensation and expenses of the trustees of assets of an alien insurer under this chapter in an amount, or on a basis, as agreed upon by the insurer and the trustees in the trust agreement, subject to the prior approval of the commissioner.
[ 1991 c 268 § 15.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.160 - United States manager—Mexican or Canadian insurers.

RCW 48.35.160
United States manager—Mexican or Canadian insurers.
The provisions of this chapter applicable to a United States manager shall, in the case of insurers domiciled in Mexico or Canada, be deemed to refer to the president, vice president, secretary, or treasurer of the Mexican or Canadian insurer.
[ 1991 c 268 § 16.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.170 - Domestication of alien insurer—Commissioner's approval.

RCW 48.35.170
Domestication of alien insurer—Commissioner's approval.
(1) Upon compliance with this chapter, an alien insurer authorized to do business in this state may, with the prior written approval of the commissioner, domesticate its United States branch by entering into an agreement in writing with a domestic insurer providing for the acquisition by the domestic insurer of all of the assets and the assumption of all of the liabilities of the United States branch.
(2) The acquisition of assets and assumption of liabilities of the United States branch by the domestic insurer is effected by filing with the commissioner an instrument or instruments of transfer and assumption in form satisfactory to the commissioner and executed by the alien insurer and the domestic insurer.
[ 1991 c 268 § 17.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.180 - Domestication agreement—Necessary authorization.

RCW 48.35.180
Domestication agreement—Necessary authorization.
(1) The domestication agreement shall be authorized, adopted, approved, signed, and acknowledged by the alien insurer in accordance with the laws of the country under which it is organized.
(2) In the case of a domestic insurer, the domestication agreement shall be approved, adopted, and authorized by its board of directors and executed by its president or a vice president and attested by its secretary or assistant secretary under its corporate seal.
[ 1991 c 268 § 18.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.190 - Domestication agreement—Commissioner's approval of corporate proceedings.

RCW 48.35.190
Domestication agreement—Commissioner's approval of corporate proceedings.
An executed counterpart of the domestication agreement, together with certified copies of the corporate proceedings of the domestic insurer and the alien insurer, approving, adopting, and authorizing the execution of the domestication agreement, shall be submitted to the commissioner for approval. The commissioner shall thereupon consider the agreement, and, if the commissioner finds that the same is in accordance with the provisions hereof and that the interests of the policyholders of the United States branch of the alien insurer and of the domestic insurer are not materially adversely affected, the commissioner shall approve the domestication agreement and authorize the consummation thereof.
[ 1991 c 268 § 19.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.35 - Alien Insurers. › 48.35.200 - Domestication—When effective—Deposits—Transfer of assets.

RCW 48.35.200
Domestication—When effective—Deposits—Transfer of assets.
(1) Upon the filing with the commissioner of a certified copy of the instrument of transfer and assumption pursuant to which a domestic company succeeds to the business and assets of the United States branch of an alien insurer and assumes all its liabilities, the domestication of the United States branch is deemed effective; and all the rights, franchises, and interests of the United States branch in and to every species of property and things, in actions thereunder belonging, are deemed as transferred to and vested in the domestic insurer, and simultaneously the domestic insurer is deemed to have assumed all of the liabilities of the United States branch. The domestic insurer is considered as having the age as the oldest of the two parties to the domestication agreement for purposes of laws relating to age of company.
(2) All deposits of the United States branch held by the commissioner, or by state officers, or other state regulatory agencies pursuant to requirements of state laws, are deemed to be held as security for the satisfaction by the domestic insurer of all liabilities to policyholders within the United States assumed from the United States branch; and the deposits are deemed to be assets of the domestic insurer and are reported as such in the annual financial statements and other reports that the domestic insurer may be required to file. Upon the ultimate release by a state officer or agency of a deposit, the securities and cash constituting the released deposit is delivered and paid over to the domestic insurer as the lawful successor in interest to the United States branch.
(3) Contemporaneously with the consummation of the domestication of the United States branch, the commissioner shall direct the trustee, if any, of the United States branch's trusteed assets, as set forth in RCW 48.35.020, to transfer and deliver to the domestic insurer all assets, if any, held by such trustee.
[ 1991 c 268 § 20.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.010 - Fraternal benefit society defined.

RCW 48.36A.010
Fraternal benefit society defined.
Any incorporated society, order, or supreme lodge, without capital stock, including one exempted under the provisions of RCW 48.36A.370(1)(b) whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which provides benefits in accordance with this chapter, is hereby declared to be a fraternal benefit society.
[ 1987 c 366 § 1.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.020 - Lodge system—Lodges for children.

RCW 48.36A.020
Lodge system—Lodges for children.
(1) A society is operating on the lodge system if it has a supreme governing body and subordinate lodges into which members are elected, initiated, or admitted in accordance with its laws, rules, and ritual. Subordinate lodges shall be required by the laws of the society to hold regular meetings at least once in each month in furtherance of the purposes of the society.
(2) A society may, at its option, organize and operate lodges for children under the minimum age for adult membership. Membership and initiation in local lodges shall not be required of the children, nor shall they have a voice or vote in the management of the society.
[ 1987 c 366 § 2.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.030 - Representative form of government.

RCW 48.36A.030
Representative form of government.
A society has a representative form of government when:
(1) It has a supreme governing body constituted in one of the following ways:
(a) The supreme governing body is an assembly composed of delegates elected directly by the members or at intermediate assemblies or conventions of members or their representatives, together with other delegates as may be prescribed in the society's laws. A society may provide for election of delegates by mail. The elected delegates shall constitute a majority in number and shall not have less than two-thirds of the votes and not less than the number of votes required to amend the society's laws. The assembly shall be elected and shall meet at least once every four years and shall elect a board of directors to conduct the business of the society between meetings of the assembly. Vacancies on the board of directors between elections may be filled in the manner prescribed by the society's laws; or
(b) The supreme governing body is a board composed of persons elected by the members, either directly or by their representatives in intermediate assemblies, and any other persons prescribed in the society's laws. A society may provide for election of the board by mail. Each term of a board member may not exceed four years. Vacancies on the board between elections may be filled in the manner prescribed by the society's laws. Those persons elected to the board shall constitute a majority in number and not less than the number of votes required to amend the society's laws. A person filling the unexpired term of an elected board member shall be considered to be an elected member. The board shall meet at least quarterly to conduct the business of the society;
(2) The officers of the society are elected either by the supreme governing body or by the board of directors;
(3) Only benefit members are eligible for election to the supreme governing body and the board of directors; and
(4) Each voting member shall have one vote. No vote may be cast by proxy.
[ 1987 c 366 § 3.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.040 - Definitions.

RCW 48.36A.040
Definitions.
As used in this chapter, the following terms have the meanings indicated unless the context clearly requires otherwise:
(1) "Benefit contract" means the agreement for provision of benefits authorized by RCW 48.36A.160, as that agreement is described in RCW 48.36A.190(1).
(2) "Benefit member" means an adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract.
(3) "Certificate" means the document issued as written evidence of the benefit contract.
(4) "Premiums" means premiums, rates, dues or other required contributions by whatever name known, which are payable under the certificate.
(5) "Laws" means the society's articles of incorporation, constitution, and bylaws, however designated.
(6) "Rules" means all rules, regulations, or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society.
(7) "Society" means fraternal benefit society, unless otherwise indicated.
(8) "Lodge" means subordinate member units of the society, known as camps, courts, councils, branches, or by any other designation.
[ 1987 c 366 § 4.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.050 - Beneficial operations—Laws and rules.

RCW 48.36A.050
Beneficial operations—Laws and rules.
(1) A society shall operate for the benefit of members and their beneficiaries by:
(a) Providing benefits as specified in RCW 48.36A.160; and
(b) Operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious purposes for the benefit of its members, which may also be extended to others.
These purposes may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations.
(2) Every society may adopt laws and rules for the government of the society, the admission of its members, and the management of its affairs. It may change, alter, add to, or amend such laws and rules and has such other powers as are necessary and incidental to carrying into effect the objects and purposes of the society.
[ 1987 c 366 § 5.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.060 - Membership classes, rights, grievances.

RCW 48.36A.060
Membership classes, rights, grievances.
(1) A society shall specify in its laws or rules:
(a) Eligibility standards for each and every class of membership, provided that if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age fifteen and not greater than age twenty-one;
(b) The process for admission to membership for each membership class; and
(c) The rights and privileges of each membership class, provided that only benefit members shall have the right to vote on the management of the insurance affairs of the society.
(2) A society may also admit social members who have no voice or vote in the management of the insurance affairs of the society.
(3) Membership rights in the society are personal to the member and are not assignable.
(4) A society may provide in its laws or rules for grievance or complaint procedures for members.
[ 1987 c 366 § 6.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.070 - Location of office and meetings—Official publications, annual statement.

RCW 48.36A.070
Location of office and meetings—Official publications, annual statement.
(1) The principal office of any domestic society shall be located in this state. The meetings of its supreme governing body may be held in any state, district, province, or territory where the society has at least one subordinate lodge, or in such other location as determined by the supreme governing body, and all business transacted at the meetings is as valid in all respects as if the meetings were held in this state. The minutes of the proceedings of the supreme governing body and of the board of directors shall be in the English language.
(2) (a) A society may provide in its laws for an official publication in which any notice, report, or statement required by law to be given to members, including notice of election, may be published. Required reports, notices, and statements shall be printed conspicuously in the publication. If the records of a society show that two or more members have the same mailing address, an official publication mailed to one member is deemed to be mailed to all members at the same address unless a member requests a separate copy.
(b) Not later than June 1st of each year, a synopsis of the society's annual statement providing an explanation of the facts concerning the condition of the society thereby disclosed shall be printed and mailed to each benefit member of the society or, in lieu thereof, the synopsis may be published in the society's official publication.
[ 1987 c 366 § 7.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.090 - Nonwaiver provisions.

RCW 48.36A.090
Nonwaiver provisions.
The laws of the society may provide that no subordinate body, nor any of its subordinate officers or members shall have the power or authority to waive any of the provisions of the laws of the society. Such provision shall be binding on the society and every member and beneficiary of a member.
[ 1987 c 366 § 9.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.110 - Amendment of society's laws.

RCW 48.36A.110
Amendment of society's laws.
(1) A domestic society may amend its laws in accordance with the provisions thereof by action of its supreme governing body at any regular or special meeting thereof or, if its laws so provide, by referendum. The referendum may be held in accordance with the provisions of its laws by the vote of the voting members of the society, by the vote of delegates or representatives of voting members, or by the vote of local lodges. A society may provide for voting by mail. No amendment submitted for adoption by referendum shall be adopted unless, within six months from the date of submission, a majority of the members voting shall have signified their consent to the amendment by one of the specified methods.
(2) No amendment to the laws of any domestic society shall take effect unless approved by the commissioner. The commissioner shall approve the amendment if the commissioner finds that it has been duly adopted and is not inconsistent with any requirement of the laws of this state or with the character, objects, and purposes of the society. Unless the commissioner disapproves any amendment within sixty days after the filing of same, the amendment shall be considered approved. The approval or disapproval by the commissioner shall be in writing and mailed to the secretary or corresponding officer of the society at its principal office. In case the commissioner disapproves the amendment, the reasons for the disapproval shall be stated in the written notice.
(3) Within ninety days from the approval by the commissioner, all amendments, or a synopsis thereof, shall be furnished to all members of the society either by mail or by publication in full in the official publication of the society. The affidavit of any officer of the society or of anyone authorized by it to mail any amendments or synopsis thereof, stating facts which show that same have been duly addressed and mailed, shall be prima facie evidence that the amendments or synopsis thereof, have been furnished to the addressee.
(4) Every foreign or alien society authorized to do business in this state shall file with the commissioner a certified copy of all amendments of, or additions to, its laws within ninety days after their enactment.
(5) Printed copies of the laws as amended, certified by the secretary or corresponding officer of the society, shall be prima facie evidence of their legal adoption.
[ 1987 c 366 § 11.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.120 - Not-for-profit institutions authorized—Funeral homes prohibited.

RCW 48.36A.120
Not-for-profit institutions authorized—Funeral homes prohibited.
(1) A society may create, maintain, and operate, or establish organizations to operate, not-for-profit institutions to further the purposes permitted by RCW 48.36A.050(1)(b). The institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held or leased by the society for this purpose shall be reported in every annual statement.
(2) No society shall own or operate funeral homes or undertaking establishments.
[ 1987 c 366 § 12.]
2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.36A - Fraternal Benefit Societies. › 48.36A.130 - Reinsurance.

RCW 48.36A.130
Reinsurance.
(1) A domestic society may, by a reinsurance agreement, transfer any individual risk or risks in whole or in part to an insurer, other than another fraternal benefit society, having the power to make such reinsurance and authorized to do business in this state, or if not so authorized, one which is approved by the commissioner, but no domestic society may reinsure substantially all of its insurance in force without the written permission of the commissioner. It may take credit for the reserves on the transferred risks to the extent reinsured, but no credit shall be allowed as an admitted asset or as a deduction from liability, to a transferring society for reinsurance made, transferred, renewed, or otherwise becoming effective after January 1, 1988, unless the reinsurance is payable by the assuming insurer on the basis of the liability of the transferring society under the contract or contracts reinsured without diminution because of the insolvency of the transferring society.
(2) Notwithstanding the limitation in subsection (1) of this section, a society may reinsure the risks of another society in a consolidation or merger approved by the commissioner under RCW 48.36A.140.
[ 1987 c 366 § 13.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]
2023 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.]