2009 Washington Code
Title 48 - Insurance
Chapter 48.24 - Group life and annuities.
48.24.010 - Group requirements.
Group requirements.
(1) No contract of life insurance shall hereafter be delivered or issued for delivery in this state insuring the lives of more than one individual unless to one of the groups as provided for in this chapter, and unless in compliance with the other provisions of this chapter.
(2) Subsection (1) of this section shall not apply to contracts of life insurance
(a) insuring only individuals related by marriage, by blood, or by legal adoption; or
(b) insuring only individuals having a common interest through ownership of a business enterprise, or of a substantial legal interest or equity therein, and who are actively engaged in the management thereof; or
(c) insuring the lives of employees and retirees under contracts executed with the state health care authority under the provisions of chapter 41.05 RCW.
[1988 c 107 § 22; 1973 1st ex.s. c 147 § 11; 1947 c 79 § .24.01; Rem. Supp. 1947 § 45.24.01.]
Notes: Implementation -- Effective dates -- 1988 c 107: See RCW 41.05.901.
Effective date -- Effect of veto -- Savings -- Severability -- 1973 1st ex.s. c 147: See notes following RCW 41.05.050.
Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
