§ 48.76.010 Short title — “NAIC” and “operative date of the valuation manual” defined
§ 48.76.020 Nonforfeiture and cash surrender provisions required
§ 48.76.030 Amount of cash surrender value
§ 48.76.040 Nonforfeiture benefit in case of premium default
§ 48.76.050 Calculation of adjusted premiums — Operative date of section
§ 48.76.060 Requirements when specified methods of minimum values determination unfeasible
§ 48.76.070 Calculation of cash surrender value and paid-up nonforfeiture benefit
§ 48.76.080 Cash surrender value required for policies issued on or after January 1, 1986
§ 48.76.090 Chapter inapplicable to certain policies
§ 48.76.100 Operative date of chapter
§ 48.76.900 Construction — Chapter applicable to state registered domestic partnerships — 2009 c 521
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Terms Used In Washington Code > Chapter 48.76 - Standard nonforfeiture law for life insurance

  • 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.
  • Contract: A legal written agreement that becomes binding when signed.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Operative date of the valuation manual: means the January 1st of the first calendar year that the valuation manual as defined in chapter 48. See Washington Code 48.76.010
  • 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
  • Statute: A law passed by a legislature.