The initial amount of credit life insurance under a group policy shall at no time exceed the amount owed by the debtor which is repayable in installments to the creditor.
RCW 48.34.060
Life—Limitation on amount repayable under group policy.
Applied in 2 court decisions — leading case Abbott v. CUNA MUTUAL INS. SOC. (2000)
Most recently applied in Abbott v. CUNA MUTUAL INS. SOC. (September 2000)
1987 c 130 s 1; 1983 1st ex.s. c 32 s 23; 1977 c 61 s 2; 1967 ex.s. c 82 s 1; 1961 c 219 s 6.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.