Washington Code 48.25.130 – Settlement
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There shall be a provision that when the policy becomes a claim by the death of the insured, settlement shall be made upon receipt of due proof of death or after a specified period not exceeding two months after receipt of such proof.
[1947 c 79 § .25.13; Rem. Supp. 1947 § 45.25.13.]
Terms Used In Washington Code 48.25.130
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.