Washington § 48.24.260 - Application of dividends or rate reductions.

Full text of Washington Revised Code of Washington § 48.24.260 — Application of dividends or rate reductions., with citation guidance and answers to common questions.

§ 48.24.260. Application of dividends or rate reductions.

Any policy dividends hereafter declared, or reduction in rate of premiums hereafter made or continued for the first or any subsequent year of insurance, under any policy of group life insurance heretofore or hereafter issued to any policyholder may be applied to reduce the policyholder's part of the cost of such insurance, except that if the aggregate dividends or refunds or credits under such group policy and any other group policy or contract issued to the policyholder exceed the aggregate contributions of the policyholder toward the cost of the coverages, such excess shall be applied by the policyholder for the sole benefit of insured individuals.
[1947 c 79 s .24.26; Rem. Supp. 1947 s 45.24.26.]

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

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Frequently Asked Questions About Washington § 48.24.260

What does Revised Code of Washington § 48.24.260 cover?

Section 48.24.260 ("Application of dividends or rate reductions.") 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 § 48.24.260?

A common citation format is "Revised Code of Washington § 48.24.260" (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 § 48.24.260 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.