Wash. Admin. Code § 284-16-520

Current through Register Vol. 25-01, January 1, 2025

Section 284-16-520 - Specific standards for interest

(1) For contract reserves the maximum interest rate is the maximum rate permitted by law in the valuation of life insurance issued on the same date as the disability insurance contract.

(2) For claim reserves the maximum interest rate is the maximum rate permitted by law in the valuation of life insurance issued on the same date as the claim incurral date.

Wash. Admin. Code § 284-16-520

Statutory Authority: RCW 48.02.060. 92-19-038 (Order R 92-8), § 284-16-520, filed 9/9/92, effective 10/10/92.