Washington § 48.23.320 - Miscellaneous proceeds.

Full text of Washington Revised Code of Washington § 48.23.320 — Miscellaneous proceeds., with citation guidance and answers to common questions.

§ 48.23.320. Miscellaneous proceeds.

Upon the death of the insured and except as is otherwise expressly provided by the policy or premium deposit agreement, a life insurer may pay to the surviving spouse, children, beneficiary, or other person other than the insured's estate, appearing to the insurer to be equitably entitled thereto, sums held by it and comprising:
(1) Premiums paid in advance, and which premiums did not fall due prior to such death, or funds held on deposit for the payment of future premiums.
(2) Dividends theretofore declared on the policy and held by the insurer under the insured's option.
(3) Dividends becoming payable on or after the death of the insured.
[1947 c 79 s .23.32; Rem. Supp. 1947 s 45.23.32.]

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Frequently Asked Questions About Washington § 48.23.320

What does Revised Code of Washington § 48.23.320 cover?

Section 48.23.320 ("Miscellaneous proceeds.") 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 § 48.23.320?

A common citation format is "Revised Code of Washington § 48.23.320" (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 § 48.23.320 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.