Washington § 48.74.022 Valuation of reserve liabilities—Applicable after valuation manual is operative.

Washington Statutes

§ 48.74.022 — Valuation of reserve liabilities—Applicable after valuation manual is operative.

Washington § 48.74.022

Title 48INSURANCE

Ch. 48.74STANDARD VALUATION LAW

This text of Washington § 48.74.022 (Valuation of reserve liabilities—Applicable after valuation manual is operative.) 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 § 48.74.022 (2026).

Text

This section applies to policies and contracts issued on or after the operative date of the valuation manual.

(1)The commissioner shall annually value, or cause to be valued, the reserve liabilities, called reserves, for all outstanding life insurance contracts, annuity and endowment contracts, disability contracts, and deposit-type contracts of every company issued on or after the operative date of the valuation manual. In lieu of the valuation of the reserves required of a foreign or alien company, the commissioner may accept a valuation made, or caused to be made, by the insurance supervisory official of any state, or other jurisdiction when the valuation complies with the minimum standard provided in this chapter.

(2)RCW 48.74.100 and 48.74.110 apply to all policies and contracts i

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This section applies to policies and contracts issued on or after the operative date of the valuation manual.

(1) The commissioner shall annually value, or cause to be valued, the reserve liabilities, called reserves, for all outstanding life insurance contracts, annuity and endowment contracts, disability contracts, and deposit-type contracts of every company issued on or after the operative date of the valuation manual. In lieu of the valuation of the reserves required of a foreign or alien company, the commissioner may accept a valuation made, or caused to be made, by the insurance supervisory official of any state, or other jurisdiction when the valuation complies with the minimum standard provided in this chapter.

(2) RCW 48.74.100 and 48.74.110 apply to all policies and contracts issued on or after the operative date of the valuation manual.

Effective date — 2016 c 142: See note following RCW 48.74.010 .