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Current as of January 01, 2025 | Updated by Findlaw Staff
The lives of a group of individuals may be insured under a policy issued to an association which has been in active existence for at least one year, which has a constitution and bylaws, and which has been organized and is maintained in good faith for purposes other than that of obtaining insurance. Under this group life insurance policy, the association shall be deemed the policyholder. The policy may insure association employees, members, or their employees. Beneficiaries under the policy shall be persons other than the association or its officers or trustees. The term “employees” as used in this section may include retired employees.
Cite this article: FindLaw.com - Washington Revised Code Title 48. Insurance § 48.24.045. Certain associations as groups - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-48-insurance/wa-rev-code-48-24-045/
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