Washington § 48.23.310 - Deduction of indebtedness.

Full text of Washington Revised Code of Washington § 48.23.310 — Deduction of indebtedness., with citation guidance and answers to common questions.

§ 48.23.310. Deduction of indebtedness.

In determining the amount due under any life insurance policy heretofore or hereafter issued, deduction may be made of
(1) any unpaid premiums or installments thereof for the current policy year due under the terms of the policy, and of
(2) the amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid, such principal increased by unpaid interest and compounded as provided in this chapter.
[1947 c 79 s .23.31; Rem. Supp. 1947 s 45.23.31.]

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Frequently Asked Questions About Washington § 48.23.310

What does Revised Code of Washington § 48.23.310 cover?

Section 48.23.310 ("Deduction of indebtedness.") 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 § 48.23.310?

A common citation format is "Revised Code of Washington § 48.23.310" (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 § 48.23.310 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.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.