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Washington Revised Code Title 48. Insurance § 48.34.050. Life--Limitation on amount under individual policy

Current as of January 01, 2025 | Updated by Findlaw Staff

The initial amount of credit life insurance under an individual policy shall not exceed the total amount repayable under the contract of indebtedness. Where an indebtedness is repayable in substantially equal installments, the amount of insurance shall at no time exceed the scheduled or actual amount of unpaid indebtedness, whichever is greater.

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Cite this article: FindLaw.com - Washington Revised Code Title 48. Insurance § 48.34.050. Life--Limitation on amount under individual policy - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-48-insurance/wa-rev-code-48-34-050/

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