All trusts of trusteed assets created before May 17, 1991, must be continued under the instruments creating those trusts. If the commissioner determines that the instruments are inconsistent with the provisions of this chapter, the insurer shall correct those inconsistencies within six months of the commissioner’s determination.

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Terms Used In Washington Code 48.35.040

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.