There Is a Newer Version
of
the Revised Code of Washington
2016 Revised Code of Washington
Title 48 - INSURANCE
48.09 Mutual insurers.
48.09.310 Nonparticipating policies.
Universal Citation:
WA Rev Code § 48.09.310 (2016)
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RCW 48.09.310 Nonparticipating policies.
(1) If its articles of incorporation so provide, a domestic mutual insurer on the cash premium plan may, while it is authorized to issue policies without contingent liability to assessment, issue policies not entitled to participate in the insurer's savings and earnings.
(2) Such insurer shall not issue in this state both participating and nonparticipating policies for the same class of risks; except, that both participating and nonparticipating life insurance policies may be issued if the right or absence of the right to participate is reasonably related to the premium charged.
[1947 c 79 § .09.31; Rem. Supp. 1947 § 45.09.31.]
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