Washington § 51.44.070 Transfer from accident fund and/or appropriate accounts to reserve fund—Annuity values.

Washington Statutes

§ 51.44.070 — Transfer from accident fund and/or appropriate accounts to reserve fund—Annuity values.

Washington § 51.44.070

Title 51INDUSTRIAL INSURANCE

Ch. 51.44FUNDS

This text of Washington § 51.44.070 (Transfer from accident fund and/or appropriate accounts to reserve fund—Annuity values.) 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 § 51.44.070 (2026).

Text

For every case resulting in death or permanent total disability the department shall transfer on its books from the accident fund of the proper class and/or appropriate account to the "reserve fund" a sum of money for that case equal to the estimated present cash value of the monthly payments provided for it, to be calculated upon the basis of an annuity covering the payments in this title provided to be made for the case. Such annuity values shall be based upon rates of mortality, disability, remarriage, and interest as determined by the department, taking into account the experience of the reserve fund and self-insurance reserve fund in such respects.

Effective date — 2023 c 110 ss 1 and 4-13: See note following RCW 51.44.155 .

Effective dates — Severability — 1971 ex.s. c 289: See RCW

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For every case resulting in death or permanent total disability the department shall transfer on its books from the accident fund of the proper class and/or appropriate account to the "reserve fund" a sum of money for that case equal to the estimated present cash value of the monthly payments provided for it, to be calculated upon the basis of an annuity covering the payments in this title provided to be made for the case. Such annuity values shall be based upon rates of mortality, disability, remarriage, and interest as determined by the department, taking into account the experience of the reserve fund and self-insurance reserve fund in such respects.

Effective date — 2023 c 110 ss 1 and 4-13: See note following RCW 51.44.155 .

Effective dates — Severability — 1971 ex.s. c 289: See RCW 51.98.060 and 51.98.070 .

Legislative History

[2023 c 110 s 6;2018 c 282 s 1;1992 c 124 s 1;1989 c 190 s 1;1983 c 312 s 1;1981 c 325 s 1;1971 ex.s. c 289 s 56;1961 c 274 s 5;1961 c 23 s 51.44.070. Prior:1959 c 308 s 8;1957 c 70 s 42; prior:1951 c 236 s 7;1941 c 169 s 1; Rem. Supp. 1941 s 7705-2; prior: 1929 c 132 s 2, part; 1927 c 310 s 4, part; 1923 c 136 s 2, part; 1919 c 131 s 4, part; 1917 c 28 s 1, part; 1913 c 148 s 1, part; 1911 c 74 s 5, part; Rem. Supp. 1949 s 7679, part.]