Revised Code of Washington
Chapter 48.36A - Fraternal Benefit Societies.
48.36A.400 - Fraternal mutual life insurers.

RCW 48.36A.400
Fraternal mutual life insurers.

(1) A mutual life insurer which is affiliated with and insures exclusively members of a specified fraternal society, which society conducts its business and secures its membership on the lodge system, having ritualistic work and ceremonies, is herein designated as a fraternal mutual life insurer.
(2) Such an insurer shall be subject to the applicable provisions of this title governing mutual life insurers except only as to the provisions relative to annual meeting, taxes, fees, and licenses. Such an insurer shall pay for its annual license and filing its annual statement, the sum of ten dollars. Such an insurer shall pay the expense of examinations of it by the commissioner, upon statement furnished by the commissioner.

[ 1987 c 366 § 40.]

Structure Revised Code of Washington

Revised Code of Washington

Title 48 - Insurance

Chapter 48.36A - Fraternal Benefit Societies.

48.36A.010 - Fraternal benefit society defined.

48.36A.020 - Lodge system—Lodges for children.

48.36A.030 - Representative form of government.

48.36A.040 - Definitions.

48.36A.050 - Beneficial operations—Laws and rules.

48.36A.060 - Membership classes, rights, grievances.

48.36A.070 - Location of office and meetings—Official publications, annual statement.

48.36A.080 - Immunity of officers—Indemnification of person responsible—Insurance for liability.

48.36A.090 - Nonwaiver provisions.

48.36A.100 - Formation of domestic society—Procedures and requirements.

48.36A.110 - Amendment of society's laws.

48.36A.120 - Not-for-profit institutions authorized—Funeral homes prohibited.

48.36A.130 - Reinsurance.

48.36A.140 - Consolidation and merger.

48.36A.150 - Conversion to mutual life insurance company.

48.36A.160 - Contractual benefits.

48.36A.170 - Designation of beneficiary—Funeral benefits.

48.36A.180 - Protection of benefits.

48.36A.190 - Benefit certificates—Impaired reserves.

48.36A.200 - Paid-up nonforfeiture benefits and cash surrender values.

48.36A.210 - Authorized investments.

48.36A.220 - Assets—Investment and disbursement.

48.36A.230 - Chapter exclusive.

48.36A.240 - Funds tax exempt, exception.

48.36A.250 - Valuation standards—Reserves.

48.36A.260 - Annual financial statement.

48.36A.263 - Filing of financial statements.

48.36A.270 - Licenses and renewals—Fees—Existing societies.

48.36A.272 - Notice of intent to suspend, revoke, or refuse to renew a license.

48.36A.274 - Duration of suspension.

48.36A.276 - Reauthorization of license.

48.36A.278 - Notice to agents of loss of authority.

48.36A.280 - Examinations.

48.36A.282 - Transactions hazardous to certificate holders or creditors—Standards for consideration.

48.36A.284 - Determination of financial condition—Hazardous to certificate holders—Commissioner's order—Hearing.

48.36A.286 - Rehabilitation, liquidation, or conservation of society—Same as insurance companies—Priority of distribution of claims.

48.36A.290 - License required—Obtaining.

48.36A.310 - Deficiencies, noncompliance by societies—Actions against license.

48.36A.320 - Requirements for injunction.

48.36A.330 - Insurance producers.

48.36A.340 - Unfair trade practices.

48.36A.350 - Service of process upon commissioner.

48.36A.360 - Penalties.

48.36A.370 - Exemptions.

48.36A.380 - World War I societies.

48.36A.390 - Fraternal mutual insurers.

48.36A.400 - Fraternal mutual life insurers.

48.36A.410 - Review of commissioner's decisions and findings.

48.36A.901 - Effective date—1987 c 366.