§ 48.74.010 Short title
§ 48.74.015 Definitions — Applicable after valuation manual is operative
§ 48.74.020 Valuation of reserve liabilities — Applicable before valuation manual is operative
§ 48.74.022 Valuation of reserve liabilities — Applicable after valuation manual is operative
§ 48.74.025 Reserves and related actuarial items — Opinion of a qualified actuary — Requirements for the opinion — Rules — Applicable before valuation manual is operative
§ 48.74.026 Confidentiality of material submitted under RCW 48.74.025
§ 48.74.028 Reserves and related actuarial items — Opinion of a qualified actuary — Requirements for the opinion — Rules — Applicable after valuation manual is operative
§ 48.74.030 Minimum standard for valuation
§ 48.74.040 Amount of reserves required
§ 48.74.050 Minimum aggregate reserves
§ 48.74.060 Other methods of reserve calculation
§ 48.74.070 Minimum reserve if gross premium less than valuation net premium
§ 48.74.080 Procedure when specified methods of reserve determination unfeasible
§ 48.74.090 Valuation of disability insurance
§ 48.74.100 Valuation manual — Operative date — Changes — Required contents — Use — Commissioner’s powers
§ 48.74.110 Reserves — Principle-based valuation
§ 48.74.120 Submission of data
§ 48.74.130 Confidentiality of certain information — Exceptions

Terms Used In Washington Code > Chapter 48.74 - Standard valuation law

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fraud: Intentional deception resulting in injury to another.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.