RCW 48.24.045
112 words·~1 min read·
/wa/title-48/chapter-48-24/48-24-045·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The lives of a group of individuals may be insured under a policy issued to an association which has been in active existence for at least one year, which has a constitution and bylaws, and which has been organized and is maintained in good faith for purposes other than that of obtaining insurance. Under this group life insurance policy, the association shall be deemed the policyholder. The policy may insure association employees, members, or their employees. Beneficiaries under the policy shall be persons other than the association or its officers or trustees. The term "employees" as used in this section may include retired employees.
[ 1979 ex.s. c 44 s 1 .]