Title 48 — Title 48 INSURANCE
101 chapters · 2,134 sections in this title.
RCW 48.38.010 Certificate of exemption—Qualification for—Application, contents—Minimum unrestricted net assets—"Qualified actuary" defined.
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The commissioner may grant a certificate of exemption to any insurer or educational, religious, charitable, or scientific institution conducting a charitable gift annuity business:(1) Which is organized and operated exclusively as, or for the purpose of aiding, an educational, re…
RCW 48.38.012 Minimum net assets without donor restrictions required.
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After June 30, 1998, an insurer or institution which does not have the minimum net assets without donor restrictions required by RCW 48.38.010(6) may not issue any new charitable gift annuities until the insurer or institution has and maintains the minimum net assets without dono…
RCW 48.38.020 Separate reserve fund—Treatment of assets—Minimum amounts—Purchase of single premium life annuity.
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(1) Upon granting to such insurer or institution under RCW 48.38.010 a certificate of exemption to conduct a charitable gift annuity business, the insurance commissioner shall require it to establish and maintain a separate reserve fund adequate to meet the future payments under …
RCW 48.38.030 Charitable annuity contract or policy form—Contents.
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Each charitable annuity contract or policy form must include the following information:(1) The value of the property to be transferred;(2) The amount of the annuity to be paid to the transferor or the transferor's nominee;(3) The manner in which and the intervals at which payment…
RCW 48.38.040 Certificate holder exempt from certain title provisions—Chapter 48.31 RCW applies.
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(1) An insurer or institution holding a certificate of exemption under this chapter shall be exempt from all other provisions of this title except as specifically enumerated in this chapter by reference.(2) An insurer or institution holding a certificate of exemption under this c…
RCW 48.38.042 Certificate holder—Variable annuity business prohibited.
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An insurer or institution holding a certificate of exemption to issue charitable gift annuities under this chapter shall not transact or be authorized to transact a variable annuity business as described in chapter 48.18A RCW.[ 1998 c 284 s 5.]
RCW 48.38.050 Grounds for denial, revocation, or suspension of certificate of exemption—Fine may be levied.
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(1) The insurance commissioner may refuse to grant, or may revoke or suspend, a certificate of exemption if the insurance commissioner finds that the insurer or institution does not meet the requirements of this chapter or if the insurance commissioner finds that the insurer or i…
RCW 48.38.060 Hearings and appeals provisions inapplicable.
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For purposes of this chapter, the provisions of chapter 48.04 RCW are applicable.[ 1979 c 130 s 11.]Notes:Severability—1979 c 130: See note following RCW 28B.10.485.
RCW 48.38.070 Enforcement powers and duties.
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For the purposes of this chapter, the insurance commissioner has the same powers and duties of enforcement as are provided in RCW 48.02.080.[ 1979 c 130 s 12.]Notes:Severability—1979 c 130: See note following RCW 28B.10.485.
RCW 48.38.075 Rules.
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The commissioner may adopt rules to implement and administer this chapter.[ 1998 c 284 s 6.]