Washington § 48.23.530 - Third party receipt of notice of lapse or termination. (Effective January 1, 2027.)

Full text of Washington Revised Code of Washington § 48.23.530 — Third party receipt of notice of lapse or termination. (Effective January 1, 2027.), with citation guidance and answers to common questions.

§ 48.23.530. Third party receipt of notice of lapse or termination. (Effective January 1, 2027.)

(1)(a) Except as provided in subsection (4) of this section, an insurer that delivers or issues for delivery an individual life insurance policy in this state must notify the applicant for the policy, in writing at the time of application for the policy, of an applicant's right to designate a third party to receive notice of lapse or termination of the policy based on nonpayment of the premium.
(b) An applicant may make a designation described in (a) of this subsection at the time of application for the policy, or at any time the policy is in force, by submitting a written notice to the insurer containing the name and address of the third-party designee.
(2) In accordance with RCW 48.23.030(2), an insurer must transmit a copy of a notice of lapse or termination of the policy based on nonpayment of the premium to a third party designated in accordance with this section in addition to the transmission of the notice to the policyholder.
(3)(a) The designation of a third party under this section does not create or constitute acceptance of any duty or liability on the part of the third-party designee related to: (i) Informing or not informing the policyholder or any other person about a notice received by the third-party designee under this section; (ii) making a payment of any premium on behalf of the policyholder; (iii) compensating the policyholder, beneficiary, or any other person in relation to a lapse or cancellation of a life insurance policy; or (iv) taking any lawful action upon receiving a notice under this section and RCW 48.23.030(2).
(b) The designation of a third party under this section does not create or constitute acceptance of any liability on the part of the insurer as to the third-party designee related to a failure to send a notice as required by this section and RCW 48.23.030(2).
(4) This section does not apply to life insurance policies identified in RCW 48.23.030(3).
[ 2026 c 62 s 2.]

Notes

Application—Effective date—2026 c 62: See notes following RCW 48.23.030.

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

Related Washington Legal Topics

Frequently Asked Questions About Washington § 48.23.530

What does Revised Code of Washington § 48.23.530 cover?

Section 48.23.530 ("Third party receipt of notice of lapse or termination. (Effective January 1, 2027.)") 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 § 48.23.530?

A common citation format is "Revised Code of Washington § 48.23.530" (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 § 48.23.530 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.