RCW 48.34.050
Life—Limitation on amount under individual policy.
The initial amount of credit life insurance under an individual policy shall not exceed the total amount repayable under the contract of indebtedness. Where an indebtedness is repayable in substantially equal installments, the amount of insurance shall at no time exceed the scheduled or actual amount of unpaid indebtedness, whichever is greater.
[ 1961 c 219 § 5.]
Structure Revised Code of Washington
Chapter 48.34 - Credit Life Insurance and Credit Accident and Health Insurance.
48.34.010 - Declaration of purpose—Liberal construction.
48.34.020 - Chapter part of insurance code—What insurance subject to chapter.
48.34.050 - Life—Limitation on amount under individual policy.
48.34.060 - Life—Limitation on amount repayable under group policy.
48.34.070 - Accident and health—Limitation on amount.
48.34.080 - Commencement, termination date of term.
48.34.110 - Refunds—Credits—Charges to debtor.
48.34.120 - Debtor's right to furnish and obtain own insurance.