Washington § 48.74.022 - Valuation of reserve liabilities — Applicable after valuation manual is operative.

Full text of Washington Revised Code of Washington § 48.74.022 — Valuation of reserve liabilities — Applicable after valuation manual is operative., with citation guidance and answers to common questions.

§ 48.74.022. Valuation of reserve liabilities — Applicable after valuation manual is operative.

This section applies to policies and contracts issued on or after the operative date of the valuation manual.
(1) The commissioner shall annually value, or cause to be valued, the reserve liabilities, called reserves, for all outstanding life insurance contracts, annuity and endowment contracts, disability contracts, and deposit-type contracts of every company issued on or after the operative date of the valuation manual. In lieu of the valuation of the reserves required of a foreign or alien company, the commissioner may accept a valuation made, or caused to be made, by the insurance supervisory official of any state, or other jurisdiction when the valuation complies with the minimum standard provided in this chapter.
(2) RCW 48.74.100 and 48.74.110 apply to all policies and contracts issued on or after the operative date of the valuation manual.
[ 2016 c 142 s 4.]

Notes

Effective date—2016 c 142: See note following RCW 48.74.010.

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

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Frequently Asked Questions About Washington § 48.74.022

What does Revised Code of Washington § 48.74.022 cover?

Section 48.74.022 ("Valuation of reserve liabilities — Applicable after valuation manual is operative.") 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 § 48.74.022?

A common citation format is "Revised Code of Washington § 48.74.022" (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.

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Sources & Verification

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