RCW 48.23.345
89 words·~1 min read·
/wa/title-48/chapter-48-23/48-23-345·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Life insurers shall develop and implement underwriting standards and procedures designed to detect and prevent the purchase of juvenile life insurance for speculative or fraudulent purposes. These standards and procedures shall be made available for review by the commissioner.
Life insurers shall maintain records of underwriting rejections of applications for life insurance on juvenile lives for a period of ten years.
[ 2001 c 197 s 1 .]
Notes:
Effective date — 2001 c 197: "This act takes effect August 1, 2001." [ 2001 c 197 s 2 .]