Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.74 Standard Valuation Law

48.74.010 Short title -- "NAIC" defined
This chapter may be known and cited as the standard valuation law. As used in this chapter, "NAIC" means the National Association of Insurance Commissioners.[1982 ...

48.74.020 Valuation of reserve liabilities
The commissioner shall annually value, or cause to be valued, the reserve liabilities, hereinafter called reserves, for all outstanding life insurance policies and annuity and ...

48.74.025 Reserves and related actuarial items -- Opinion of a qualified actuary -- Requirements for the opinion -- Rules
(1) Every life insurance company doing business in this state shall annually submit the opinion of a qualified actuary as to whether the reserves and ...

48.74.030 Minimum standard for valuation
(1) Except as otherwise provided in subsections (2) and (3) of this section, or in RCW 48.74.090, the minimum standard for the valuation of all ...

48.74.040 Amount of reserves required
(1) Except as otherwise provided in RCW 48.74.040(2), 48.74.070, and 48.74.090, reserves according to the commissioner's reserve valuation method, for the life insurance and endowment ...

48.74.050 Minimum aggregate reserves
(1) In no event may a company's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, issued on or after July ...

48.74.060 Other methods of reserve calculation
Reserves for all policies and contracts issued prior to the operative date of this chapter, may be calculated, at the option of the company, according ...

48.74.070 Minimum reserve if gross premium less than valuation net premium
If in any contract year the gross premium charged by any life insurance company on any policy or contract is less than the valuation net ...

48.74.080 Procedure when specified methods of reserve determination unfeasible
In the case of any plan of life insurance which provides for future premium determination, the amounts of which are to be determined by the ...

48.74.090 Valuation of disability insurance
The commissioner shall adopt rules containing the minimum standards applicable to the valuation of disability insurance.[1993 c 462 § 90.]Notes: Severability -- Implementation -- 1993 ...