Any group life insurance contract may provide for a readjustment of the premium rate based on experience under that contract, at the end of the first or of any subsequent year of insurance, and which readjustment may be made retroactive for such policy year only.
[1947 c 79 § .24.24; Rem. Supp. 1947 § 45.24.24.]

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Terms Used In Washington Code 48.24.240

  • Contract: A legal written agreement that becomes binding when signed.