Revised Code of Washington
2024 Archive

Chapter 48.12 RCW
ASSETS AND LIABILITIES
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PDF of Complete Chapter
Sections
48.12.010"Assets" defined.
48.12.020Nonallowable assets.
48.12.030Liabilities.
48.12.040Unearned premium reserve, property, casualty, and surety insurance.
48.12.050Unearned premium reserve, marine and transportation insurance.
48.12.060ReserveDisability insurance.
48.12.070Loss records.
48.12.080Increased reserves.
48.12.090Loss reservesLiability insurance.
48.12.100Unallocated liability loss expense.
48.12.110Schedule of experience.
48.12.140"Loss payments," "loss expense" defined.
CREDIT FOR REINSURANCE
48.12.170Valuation of bonds.
48.12.180Valuation of stocks.
48.12.190Valuation of property.
48.12.200Valuation of purchase money mortgages.
48.12.400PurposeIntentDeclaration.
48.12.405Domestic ceding insurerAsset or reduction from liabilityRequirements.
48.12.410Assuming insurerLicensed.
48.12.415Accredited as reinsurerAssuming insurerRequirements.
48.12.420Assuming insurerDomiciled in this state or state with similar statutes.
48.12.425Assuming insurer maintains a trust fundPayment of valid claimsRequirements.
48.12.430Assuming insurerCertified as reinsurerEligibility requirementsInsurer obligationsCommissioner's duties.
48.12.435Assuming insurer not meeting certain requirementsCredit restricted.
48.12.440Assuming insurer not licensed, accredited, or certifiedNo creditExceptions.
48.12.445Assuming insurer does not meet certain requirementsTrust agreementsNecessary conditions.
48.12.450Accredited or certified reinsurer does not meet requirementsCommissioner may suspend or revoke.
48.12.455Ceding insurerReinsurance program.
48.12.460Reinsurance ceded by domestic insurer to assuming insurer not meeting requirementsWhen asset or reduction from liability allowed.
48.12.462Reinsurance ceded to an assuming insurerReciprocal jurisdictionsCommissioner's duties.
48.12.464Reinsurance agreementsCommissioner may adopt rules.
48.12.465DefinitionsApply to RCW 48.12.460(3).
48.12.470Credit for reinsuranceAccounting or financial statementAfter December 31, 1996.
48.12.475Assuming alien reinsurerRegistrationRequirementsDuties of commissionerCosts.
48.12.480Rules.
48.12.499Application of chapter 63, Laws of 2015.