Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.76 Standard Nonforfeiture Law For Life Insurance

48.76.010 Short title -- "NAIC" defined
This chapter may be known and cited as the standard nonforfeiture law for life insurance. As used in this chapter, "NAIC" means the National Association ...

48.76.020 Nonforfeiture and cash surrender provisions required
In the case of policies issued on and after the operative date of this chapter as defined in RCW 48.76.100, no policy of life insurance, ...

48.76.030 Amount of cash surrender value
(1) Subject to subsections (2) and (3) of this section, any cash surrender value available under the policy in the event of default in a ...

48.76.040 Nonforfeiture benefit in case of premium default
Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such ...

48.76.050 Calculation of adjusted premiums -- Operative date of section
(1)(a) This subsection does not apply to policies issued on or after the operative date of subsection (4) of this section. Except as provided in ...

48.76.060 Requirements when specified methods of minimum values 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 ...

48.76.070 Calculation of cash surrender value and paid-up nonforfeiture benefit
Any cash surrender value and any paid-up nonforfeiture benefit, available under the policy in the event of default in a premium payment due at any ...

48.76.080 Cash surrender value required for policies issued on or after January 1, 1986
(1) This section, in addition to all other applicable sections of this chapter, shall apply to all policies issued on or after January 1, 1986. ...

48.76.090 Chapter inapplicable to certain policies
This chapter does not apply to any of the following: (1) Reinsurance; (2) Group insurance; (3) A pure endowment; (4) An annuity or reversionary annuity ...

48.76.100 Operative date of chapter
After July 10, 1982, any company may file with the commissioner a written notice of its election to comply with the provisions of this chapter. ...