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Wash. Rev. Code § 48.23.500

Calculation of benefits available other than on contract anniversary

Washington · Revised Code of Washington Chapter 48.23 — Life Insurance and Annuities · Status: effective

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Wash. Rev. Code § 48.23.500, Calculation of benefits available other than on contract anniversary, Washington, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1519087
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Any paid-up annuity, cash surrender, or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.