Washington § 48.23.120 Reinstatement.

Washington Statutes

§ 48.23.120 — Reinstatement.

Washington § 48.23.120

Title 48INSURANCE

Ch. 48.23LIFE INSURANCE AND ANNUITIES

This text of Washington § 48.23.120 (Reinstatement.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 48.23.120 (2026).

Text

There shall be a provision that the policy may be reinstated at any time within three years after the date of default in the payment of any premium, unless the policy has been surrendered for its cash value, or the period of any extended insurance provided by the policy has expired, upon evidence of insurability satisfactory to the insurer and the payment of all overdue premiums, and payment (or, within the limits permitted by the then cash values of the policy, reinstatement) of any other indebtedness to the insurer upon the policy with interest as to premiums at a rate not exceeding six percent per annum compounded annually.

Purpose — Effective date — 1981 c 247: See notes following RCW 48.23.085 .

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There shall be a provision that the policy may be reinstated at any time within three years after the date of default in the payment of any premium, unless the policy has been surrendered for its cash value, or the period of any extended insurance provided by the policy has expired, upon evidence of insurability satisfactory to the insurer and the payment of all overdue premiums, and payment (or, within the limits permitted by the then cash values of the policy, reinstatement) of any other indebtedness to the insurer upon the policy with interest as to premiums at a rate not exceeding six percent per annum compounded annually.

Purpose — Effective date — 1981 c 247: See notes following RCW 48.23.085 .