Revised Code of Washington
Chapter 48.18 - The Insurance Contract.
48.18.452 - Life insurance designating as beneficiary a trustee named by will.

RCW 48.18.452
Life insurance designating as beneficiary a trustee named by will.

A policy of life insurance may designate as beneficiary a trustee or trustees named or to be named by will, if the designation is made in accordance with the provisions of the policy and the requirements of the insurance company. Immediately after the proving of the will the proceeds of such insurance shall be paid to the trustee or trustees named therein to be held and disposed of under the terms of the will as they exist at the death of the testator, but if no qualified trustee makes claim to the proceeds from the insurance company within one year after the death of the insured, or if satisfactory evidence is furnished the insurance company within such one-year period showing that no trustee can qualify to receive the proceeds, payment shall be made by the insurance company to those thereafter entitled. The proceeds of the insurance as collected by the trustee or trustees shall not be subject to debts of the insured and inheritance tax to any greater extent than if such proceeds were payable to any other named beneficiary other than the estate of the insured. Enactment of this section shall not invalidate previous life insurance policy beneficiary designations naming trustees of trusts established by will.

[ 1963 c 227 § 2.]

Structure Revised Code of Washington

Revised Code of Washington

Title 48 - Insurance

Chapter 48.18 - The Insurance Contract.

48.18.010 - Scope of chapter.

48.18.020 - Power to contract.

48.18.030 - Insurable interest—Personal insurances—Nonprofit organizations—Rules.

48.18.040 - Insurable interest—Property insurances.

48.18.050 - Named insured—Interest insured.

48.18.060 - Application—Consent—When required.

48.18.070 - Alteration of application.

48.18.080 - Application as evidence.

48.18.090 - Warranties and misrepresentations, effect of.

48.18.100 - Forms of policies—Filing, certification, and approval—Exceptions.

48.18.103 - Forms of commercial property casualty policies—Legislative intent—Issuance prior to filing—Disapproval by commissioner—Definition.

48.18.110 - Grounds for disapproval.

48.18.120 - Standard forms.

48.18.125 - Loss payable and mortgagee clauses for property and automobile physical damage insurances—Requirement to use adopted forms.

48.18.130 - Standard provisions.

48.18.140 - Contents of policies in general.

48.18.150 - Additional contents.

48.18.160 - Charter or bylaw provisions.

48.18.170 - "Premium" defined.

48.18.180 - Stated premium must include all charges.

48.18.190 - Policy must contain entire contract.

48.18.200 - Limiting actions, jurisdiction.

48.18.210 - Execution of policies.

48.18.220 - Receipt of premium to bind coverage—Contents of receipt.

48.18.230 - Binders—Duration—Premium.

48.18.240 - Binders—Insurance producer's or title insurance agent's liability.

48.18.250 - Underwriters' and combination policies.

48.18.260 - Delivery of policy.

48.18.278 - Terms for cancellation, nonrenewal, or modification of portable electronics policy—Application of RCW 48.18.290 and 48.18.2901 to portable electronics insurance.

48.18.280 - Renewal of policy.

48.18.289 - Cancellation, nonrenewal, renewal offer—Notice to insurance producer or title insurance agent.

48.18.290 - Cancellation by insurer.

48.18.2901 - Renewal required—Exceptions.

48.18.291 - Cancellation of private automobile insurance by insurer—Notice—Requirements.

48.18.292 - Refusal to renew private automobile insurance by insurer—Change in amount of premium or deductibles.

48.18.293 - Nonliability of commissioner, agents, insurer for information giving reasons for cancellation or refusal to renew—Proof of mailing of notice.

48.18.295 - RCW 48.18.290 through 48.18.297 not to prevent cancellation or nonrenewal, when.

48.18.296 - Contracts to which RCW 48.18.291 through 48.18.297 inapplicable.

48.18.297 - Private passenger automobile defined.

48.18.298 - Disability insurance—Refusal to renew by insurer.

48.18.299 - Disability insurance—Cancellation by insurer.

48.18.300 - Cancellation by insured.

48.18.310 - Cancellation by commissioner.

48.18.320 - Annulment of liability policies.

48.18.340 - Dividends payable to real party in interest.

48.18.350 - Breach of warranty prior to loss—Effect.

48.18.360 - Assignment of policies—Life and disability.

48.18.370 - Payment discharges insurer—Life and disability.

48.18.375 - Assignment of interests under group insurance policy.

48.18.390 - Simultaneous deaths—Payment of proceeds—Life insurance.

48.18.400 - Exemption of proceeds—Disability.

48.18.410 - Exemption of proceeds—Life.

48.18.420 - Exemption of proceeds—Group life.

48.18.430 - Exemption of proceeds, commutation—Annuities.

48.18.440 - Spouse's rights in life insurance policy.

48.18.450 - Life insurance payable to trustee named as beneficiary in the policy.

48.18.452 - Life insurance designating as beneficiary a trustee named by will.

48.18.460 - Proof of loss—Furnishing forms—May require oath.

48.18.470 - Claims administration—Not waiver.

48.18.480 - Discrimination prohibited.

48.18.510 - Validity of noncomplying forms.

48.18.520 - Construction of policies.

48.18.540 - Cancellations, denials, refusals to renew—Written notification.

48.18.543 - Single premium credit insurance—Residential mortgage loan—Restrictions—Definitions.

48.18.545 - Underwriting restrictions that apply to personal insurance—Credit history or insurance score—Rules.

48.18.547 - Underwriting restrictions that apply to medical malpractice insurance—Rules.

48.18.550 - Victims of domestic abuse—Prohibition on certain cancellations, denials, refusals to renew, and different rates—Domestic abuse defined.

48.18.553 - Victims of hate crime offenses—Restrictions of underwriting actions—Definitions.

48.18.555 - Property insurance—Actions resulting from arson or malicious mischief—Definitions.

48.18.558 - Property insurers—Assistance to prevent or reduce severity of claims or losses—Prior approval of commissioner—Pilot program permitted.

48.18.559 - Property insurers—Rules addressing assistance to prevent or reduce severity of claims or losses.

48.18.565 - Homeowner's insurance—Foster parent.

48.18.570 - Life insurance—Lawful travel destinations.

48.18.580 - Employer-owned life insurance—Requirements.

48.18.583 - Employer-owned life insurance—Application to policies.

48.18.586 - Employer-owned life insurance—Rules.

48.18.600 - Usage-based insurance—Restrictions on information collected.

48.18.610 - Customer satisfaction benefits.

48.18.900 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.