Washington § 48.18.340 - Dividends payable to real party in interest.

Full text of Washington Revised Code of Washington § 48.18.340 — Dividends payable to real party in interest., with citation guidance and answers to common questions.

§ 48.18.340. Dividends payable to real party in interest.

(1) Every insurer issuing participating policies, shall pay dividends, unused premium refunds or savings distributed on account of any such policy, only to the real party in interest entitled thereto as shown by the insurer's records, or to any person to whom the right thereto has been assigned in writing of record with the insurer, or given in the policy by such real party in interest.
(2) Any person who is shown by the insurer's records to have paid for his or her own account, or to have been ultimately charged for, the premium for insurance provided by a policy in which another person is the nominal insured, shall be deemed such real party in interest proportionate to premium so paid or so charged. This subsection shall not apply as to any such dividend, refund, or distribution which would amount to less than one dollar.
(3) This section shall not apply to contracts of group life insurance, group annuities, or group disability insurance.
[ 2009 c 549 s 7071; 1947 c 79 s .18.34; Rem. Supp. 1947 s 45.18.34.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 48.18.340

What does Revised Code of Washington § 48.18.340 cover?

Section 48.18.340 ("Dividends payable to real party in interest.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 48.18.340?

A common citation format is "Revised Code of Washington § 48.18.340" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 48.18.340 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

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