RCW 48.23.345
Juvenile life insurance—Speculative or fraudulent purposes.
Life insurers shall develop and implement underwriting standards and procedures designed to detect and prevent the purchase of juvenile life insurance for speculative or fraudulent purposes. These standards and procedures shall be made available for review by the commissioner.
Life insurers shall maintain records of underwriting rejections of applications for life insurance on juvenile lives for a period of ten years.
[ 2001 c 197 § 1.]
NOTES:
Effective date—2001 c 197: "This act takes effect August 1, 2001." [ 2001 c 197 § 2.]
Structure Revised Code of Washington
Chapter 48.23 - Life Insurance and Annuities.
48.23.020 - Standard provisions required—Life insurance.
48.23.040 - Entire contract—Representations.
48.23.060 - Misstatement of age.
48.23.070 - Participation in surplus.
48.23.075 - Participation in surplus—Requirements for forms.
48.23.085 - Policy loan interest rates.
48.23.090 - Table of values and options.
48.23.100 - Nonforfeiture options.
48.23.110 - Table of installments.
48.23.130 - Settlement on proof of death.
48.23.140 - Standard provisions—Annuities, pure endowment contracts.
48.23.150 - Grace period—Annuities, pure endowments.
48.23.160 - Incontestability—Annuities, pure endowments.
48.23.170 - Entire contract—Annuities, pure endowments.
48.23.180 - Misstatement of age or sex—Annuities, pure endowments.
48.23.190 - Dividends—Annuities, pure endowments.
48.23.200 - Nonforfeiture benefits—Annuities, pure endowments.
48.23.210 - Reinstatement—Annuities, pure endowments.
48.23.220 - Standard provisions—Reversionary annuities.
48.23.230 - Sections applicable.
48.23.240 - Reinstatement—Reversionary annuities.
48.23.250 - Supplemental benefits.
48.23.260 - Limitation of liability.
48.23.270 - Incontestability after reinstatement.
48.23.300 - Policy settlements—Interest.
48.23.310 - Deduction of indebtedness.
48.23.320 - Miscellaneous proceeds.
48.23.330 - Trafficking in dividend rights.
48.23.340 - Prohibited policy plans.
48.23.345 - Juvenile life insurance—Speculative or fraudulent purposes.
48.23.360 - Calculation of nonforfeiture benefits under annuities.
48.23.370 - Duties of insurer issuing both participating and nonparticipating policies—Rules.
48.23.380 - Return of policy and refund of premium—Grace period—Notice—Effect.
48.23.420 - Inapplicability of enumerated sections to certain policies.
48.23.430 - Paid-up annuity and cash surrender provisions required.
48.23.440 - Minimum nonforfeiture amounts.
48.23.450 - Minimum present value of paid-up annuity benefit.
48.23.460 - Minimum cash surrender benefits—Death benefit.
48.23.480 - Optional maturity dates.
48.23.490 - Statement required in contract without cash surrender or death benefits.
48.23.500 - Calculation of benefits available other than on contract anniversary.
48.23.510 - Additional benefits.
48.23.525 - Individual life insurance—Noninsurance benefits—Rules.
48.23.900 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.