RCW 48.23.450
Minimum present value of paid-up annuity benefit.
Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.
[ 1982 1st ex.s. c 9 § 25.]
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.