RCW 48.74.080
Procedure when specified methods of reserve determination unfeasible.
In the case of any plan of life insurance which provides for future premium determination, the amounts of which are to be determined by the insurance company based on then estimates of future experience, or in the case of any plan of life insurance or annuity which is of such a nature that the minimum reserves cannot be determined by the methods described in RCW 48.74.040 and 48.74.070, the reserves which are held under any such plan must, under regulations promulgated by the commissioner:
(1) Be appropriate in relation to the benefits and the pattern of premiums for that plan; and
(2) Be computed by a method which is consistent with the principles of this standard valuation law.
[ 1982 1st ex.s. c 9 § 8.]
Structure Revised Code of Washington
Chapter 48.74 - Standard Valuation Law.
48.74.015 - Definitions—Applicable after valuation manual is operative.
48.74.020 - Valuation of reserve liabilities—Applicable before valuation manual is operative.
48.74.022 - Valuation of reserve liabilities—Applicable after valuation manual is operative.
48.74.026 - Confidentiality of material submitted under RCW 48.74.025.
48.74.030 - Minimum standard for valuation.
48.74.040 - Amount of reserves required.
48.74.050 - Minimum aggregate reserves.
48.74.060 - Other methods of reserve calculation.
48.74.070 - Minimum reserve if gross premium less than valuation net premium.
48.74.080 - Procedure when specified methods of reserve determination unfeasible.
48.74.090 - Valuation of disability insurance.
48.74.100 - Valuation manual—Operative date—Changes—Required contents—Use—Commissioner's powers.
48.74.110 - Reserves—Principle-based valuation.
48.74.120 - Submission of data.
48.74.130 - Confidentiality of certain information—Exceptions.