RCW 48.24.260
Application of dividends or rate reductions.
Any policy dividends hereafter declared, or reduction in rate of premiums hereafter made or continued for the first or any subsequent year of insurance, under any policy of group life insurance heretofore or hereafter issued to any policyholder may be applied to reduce the policyholder's part of the cost of such insurance, except that if the aggregate dividends or refunds or credits under such group policy and any other group policy or contract issued to the policyholder exceed the aggregate contributions of the policyholder toward the cost of the coverages, such excess shall be applied by the policyholder for the sole benefit of insured individuals.
[1947 c 79 § .24.26; Rem. Supp. 1947 § 45.24.26.]
Structure Revised Code of Washington
Chapter 48.24 - Group Life and Annuities.
48.24.010 - Group requirements.
48.24.025 - Payment of premium by employee when compensation suspended due to labor dispute.
48.24.027 - Offering group life insurance to state residents—Commissioner's findings.
48.24.030 - Dependents of employees or members of certain groups.
48.24.035 - Credit union groups.
48.24.045 - Certain associations as groups.
48.24.050 - Labor union groups.
48.24.060 - Public employee associations.
48.24.080 - Insurance producer groups.
48.24.090 - Washington state patrol.
48.24.095 - Financial institutions.
48.24.100 - Standard provisions.
48.24.130 - The contract—Representations.
48.24.150 - Misstatement of age or sex.
48.24.160 - Beneficiary—Funeral, last illness expenses.
48.24.180 - Conversion on termination of eligibility.
48.24.190 - Conversion on termination of policy.
48.24.200 - Death pending conversion.
48.24.210 - Limitation of liability.
48.24.240 - Readjustment of premium.
48.24.260 - Application of dividends or rate reductions.
48.24.270 - Payment of proceeds—Interest, when delayed.
48.24.280 - Group life insurance—Noninsurance benefits.
48.24.900 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.