Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 48. INSURANCE |
Chapter 48.09. Mutual insurers. |
Section 48.09.260. Liability as lien on policy reserves.
Latest version.
- As to life insurance, any portion of an assessment of contingent liability upon a policyholder which remains unpaid following notice of such assessment, demand for payment, and lapse of a reasonable waiting period as specified in such notice, may, if approved by the commissioner, be secured by placing a lien on the reserves held by the insurer to the credit of such policyholder.[ 1949 c 190 § 12; 1947 c 79 § .09.26; Rem. Supp. 1949 § 45.09.26.]
1949 c 190 § 12; 1947 c 79 § .09.26; Rem. Supp. 1949 § 45.09.26.