Revised Code of Washington
Chapter 51.44 - Funds.
51.44.070 - Transfer from accident fund and/or appropriate accounts to reserve fund—Annuity values.

RCW 51.44.070
Transfer from accident fund and/or appropriate accounts to reserve fund—Annuity values.

For every case resulting in death or permanent total disability the department shall transfer on its books from the accident fund of the proper class and/or appropriate account to the "reserve fund" a sum of money for that case equal to the estimated present cash value of the monthly payments provided for it, to be calculated upon the basis of an annuity covering the payments in this title provided to be made for the case. Such annuity values shall be based upon rates of mortality, disability, remarriage, and interest as determined by the department, taking into account the experience of the reserve fund in such respects.

[ 2018 c 282 § 1; 1992 c 124 § 1; 1989 c 190 § 1; 1983 c 312 § 1; 1981 c 325 § 1; 1971 ex.s. c 289 § 56; 1961 c 274 § 5; 1961 c 23 § 51.44.070. Prior: 1959 c 308 § 8; 1957 c 70 § 42; prior: 1951 c 236 § 7; 1941 c 169 § 1; Rem. Supp. 1941 § 7705-2; prior: 1929 c 132 § 2, part; 1927 c 310 § 4, part; 1923 c 136 § 2, part; 1919 c 131 § 4, part; 1917 c 28 § 1, part; 1913 c 148 § 1, part; 1911 c 74 § 5, part; Rem. Supp. 1949 § 7679, part.]
NOTES:

Effective dates—Severability—1971 ex.s. c 289: See RCW 51.98.060 and 51.98.070.

Structure Revised Code of Washington

Revised Code of Washington

Title 51 - Industrial Insurance

Chapter 51.44 - Funds.

51.44.010 - Accident fund.

51.44.020 - Medical aid fund.

51.44.023 - Industrial insurance rainy day fund—Administration—Advisory committee.

51.44.030 - Reserve fund.

51.44.033 - Supplemental pension fund.

51.44.040 - Second injury fund.

51.44.050 - Catastrophe injury account.

51.44.060 - Charge to accident fund for the catastrophe injury account.

51.44.070 - Transfer from accident fund and/or appropriate accounts to reserve fund—Annuity values.

51.44.073 - Transfer from self-insurer into the reserve fund—Annuity values—Alternative—Penalty for delay or refusal to reimburse.

51.44.080 - Reserve fund—Transfers from state fund—Surplus—Deficiency.

51.44.090 - Reserve fund record and maintenance by state treasurer.

51.44.100 - Investment of accident, medical aid, reserve, industrial insurance rainy day, supplemental pension funds.

51.44.110 - Disbursements of funds.

51.44.115 - Financial statements and information—Annual audit and report.

51.44.120 - Liability of state treasurer.

51.44.140 - Self-insurer deposits into reserve fund—Accounts within fund—Surpluses and deficits.

51.44.142 - Self-insured employer overpayment reimbursement fund.

51.44.145 - Self-insured insurer program—Administrative costs.

51.44.150 - Assessments upon self-insurers for administration costs.

51.44.160 - Interfund loans between reserve and supplemental pension funds—Audit.

51.44.170 - Industrial insurance premium refund account.

51.44.180 - Stay-at-work program—Administrative expenses—Advisory committee.

51.44.190 - Construction registration inspection account—Fee levels—Transfers.