™Your Policy Risk Impact Agent
102 chapters · 2,150 sections in this title.
RCW 48.13.005 Purpose—Application.
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(1) The purpose of chapter 188, Laws of 2011 is to protect and to further the interests of insureds, creditors, and the general public by providing, with minimum interference with management initiative and judgment, prudent standards for the development and administration of insu…
RCW 48.13.009 Definitions.
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The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Derivative instrument" means an item appropriately reported in schedule DB (derivative instruments) or schedule DC (insurance futures and insurance futures options) o…
RCW 48.13.021 Minimum financial security benchmark—Determination of amount.
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(1) Minimum financial security benchmark. (a) Unless otherwise established in accordance with (b) and (c) of this subsection, the amount of the minimum financial security benchmark for an insurer shall be the greater of: (i) The authorized control level risk-based capital applica…
RCW 48.13.031 Investment of funds—Board of directors—Judgment and care—Internal controls and procedures.
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(1) Subject to the provisions of this chapter, an insurer may loan or invest its funds, and may buy, sell, hold title to, possess, occupy, pledge, convey, manage, protect, insure, and deal with its investments, property, and other assets to the same extent as any other person or …
