Wash. Rev. Code § 48.34.050

Current through the 2024 Regular Session
Section 48.34.050 - Life-Limitation on amount under individual policy

The initial amount of credit life insurance under an individual policy shall not exceed the total amount repayable under the contract of indebtedness. Where an indebtedness is repayable in substantially equal installments, the amount of insurance shall at no time exceed the scheduled or actual amount of unpaid indebtedness, whichever is greater.

RCW 48.34.050

1961 c 219 § 5.