US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 Revised Code of Washington » Title 48 - Insurance » Chapters » Chapter 48.23 - Life Insurance and Annuities. » 48.23.210 – Reinstatement—Annuities, pure endowments.

RCW 48.23.210

Reinstatement—Annuities, pure endowments.

In such contracts there shall be a provision that the contract may be reinstated at any time within one year from the date of default in making stipulated payments to the insurer, unless the cash surrender value has been paid, but all overdue stipulated payments and any indebtedness to the insurer on the contract shall be paid or reinstated, with interest thereon at a rate to be specified in the contract but not exceeding six percent per annum payable annually, and in cases where applicable, the insurer may also include a requirement of evidence of insurability satisfactory to the insurer.

[1947 c 79 § .23.21; Rem. Supp. 1947 § 45.23.21.]