Revised Code of Washington
Wash. Rev. Code § 48.23.030 (2026)
Grace period
✓ current as of May 2026
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*** CHANGE IN 2026 *** (SEE 2428-S.SL) ***
There shall be a provision that the insured is entitled to a grace period of one month, but not less than thirty days, within which the payment of any premium after the first may be made, subject at the option of the insurer to an interest charge not in excess of six percent per annum for the number of days of grace elapsing before the payment of the premium, during which period of grace the policy shall continue in force, but in case the policy becomes a claim during the grace period before the overdue premium is paid, or the deferred premiums of the current policy year, if any, are paid, the amount of such premium or premiums with interest thereon may be deducted in any settlement under the policy.
[1947 c 79 s .23.03; Rem. Supp. 1947 s 45.23.03.]
Notes of Decisions
Cited in 2
cases, 1966–2011 · leading case: Graham-Bingham Irrevocable Trust v. John Hancock Life Ins. Co. USA, 827 F. Supp. 2d 1275 (W.D. Wash. 2011).
Graham-Bingham Irrevocable Trust v. John Hancock Life Ins. Co. USA, 827 F. Supp. 2d 1275 (W.D. Wash. 2011). “Violation of Insurance Law Plaintiffs assert that John Hancock violated RCW 48.23.030, 48.18.290(l)(c), and 48.102.”
Allen v. Prudential Ins. Co. of Am., 410 P.2d 586 (Wash. 1966). “As required by RCW 48.23.030, the policy also granted the insured a period of 31 days’ grace after the due date within which a premium could be paid without loss of rights under the policy.”
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