§ 48.18A.010 Short title — Intent
§ 48.18A.020 Separate accounts authorized — Allocations — Benefits — Limitations — Valuation — Sale, transfer, or exchange of assets
§ 48.18A.030 Statements required in contracts — Payment on death, incidental benefit provision
§ 48.18A.035 Return of policy and refund of premium — Notice required — Effect of return
§ 48.18A.040 Requirements for operation under this chapter — Considerations — Authorization of subsidiary or affiliate — Exceptions
§ 48.18A.050 Applicability of other code provisions — Contract requirements
§ 48.18A.060 Licensing requirement
§ 48.18A.070 Authority of commissioner
§ 48.18A.900 Effective date — 1969 c 104
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Terms Used In Washington Code > Chapter 48.18A - Variable contract act

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • 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.
  • Trustee: A person or institution holding and administering property in trust.