The total amount of periodic indemnity payable by credit accident and health insurance in the event of disability, as defined in the policy, shall not exceed the aggregate of the periodic scheduled unpaid installments of the indebtedness; and the amount of such periodic indemnity payment shall not exceed the original indebtedness divided by the number of periodic installments.
RCW 48.34.070
Accident and health—Limitation on amount.
Applied in 1 court decision — leading case 87 Wash. 2d 298 - State v. Ralph Williams' North West Chrysler Plymouth, Inc. (1976)
Most recently applied in 87 Wash. 2d 298 - State v. Ralph Williams' North West Chrysler Plymouth, Inc. (July 1976)
1961 c 219 s 7.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.