For disability insurance contracts issued on or after the operative date of the valuation manual, the standard prescribed in the valuation manual is the minimum standard of valuation required under RCW 48.74.022. For disability insurance contracts issued on or after July 10, 1982, and prior to the operative date of the valuation manual, the minimum standard of valuation is the standard adopted by the commissioner by rule.
[ 2016 c 142 § 12; 1993 c 462 § 90.]
NOTES:
Effective date—2016 c 142: See note following RCW 48.74.010.
Severability—Implementation—1993 c 462: See RCW 48.31B.901 and 48.31B.902.