RCW 11.100.120
Use of trust funds for life insurance.
Subject to the standards of RCW 11.100.020, a fiduciary is authorized to use trust funds to acquire life insurance upon the life of any beneficiary or upon the life of another in whose life such beneficiary has an insurable interest.
[ 1985 c 30 § 76. Prior: 1984 c 149 § 112; 1973 1st ex.s. c 89 § 1. Formerly RCW 30.24.120.]
NOTES:
Short title—Application—Purpose—Severability—1985 c 30: See RCW 11.02.900 through 11.02.903.
Severability—Effective dates—1984 c 149: See notes following RCW 11.02.005.
Insurable interest, guardian, trustee or other fiduciary: RCW 48.18.030(3)(c).
Structure Revised Code of Washington
Title 11 - Probate and Trust Law
Chapter 11.100 - Investment of Trust Funds.
11.100.010 - Provisions of chapter to control—Alteration by controlling instrument.
11.100.015 - Guardians, guardianships and funds are subject to chapter.
11.100.020 - Management of trust assets by fiduciary.
11.100.023 - Authority of fiduciary to invest in certain enterprises.
11.100.025 - Spousal or domestic partnership deduction interests.
11.100.030 - Investment in savings accounts—Requirements.
11.100.035 - Investments in securities of certain investment trusts.
11.100.040 - Court may permit deviation from terms of trust instrument.
11.100.045 - Fiduciary—Duty to beneficiaries.
11.100.047 - Fiduciary—Duty to diversify.
11.100.050 - Scope of chapter—RCW 11.68.090 prevails.
11.100.060 - Fiduciary may hold and retain trust property—Investments—Liability.
11.100.070 - Meaning of terms in trust instrument.
11.100.090 - Dealings with self or affiliate.
11.100.120 - Use of trust funds for life insurance.
11.100.140 - Notice and procedure for nonroutine transactions.