Current as of April 06, 2022 | Updated by FindLaw Staff
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In determining the amount due under any life insurance policy heretofore or hereafter issued, deduction may be made of
(1) any unpaid premiums or installments thereof for the current policy year due under the terms of the policy, and of
(2) the amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid, such principal increased by unpaid interest and compounded as provided in this chapter.
Cite this article: FindLaw.com - Washington Revised Code Title 48. Insurance § 48.23.310. Deduction of indebtedness - last updated April 06, 2022 | https://codes.findlaw.com/wa/title-48-insurance/wa-rev-code-48-23-310/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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