A society shall invest its funds only in investments that are authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this state which invests its funds in accordance with the laws of the state, district, territory, country, or province in which it is incorporated, shall be deemed to have met the requirements of this section for the investment of funds.
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Terms Used In Washington Code 48.36A.210

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Laws: means the society's articles of incorporation, constitution, and bylaws, however designated. See Washington Code 48.36A.040
  • Society: means fraternal benefit society, unless otherwise indicated. See Washington Code 48.36A.040
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