SB 5197 - DIGEST

Provides that an insurer may be subject to administrative supervision by the commissioner if upon examination or at any other time it appears in the commissioner's discretion that: (1) The insurer's condition renders the continuance of its business hazardous to the public or to its insureds;

(2) The insurer has or appears to have exceeded its powers granted under its certificate of authority and applicable law;

(3) The insurer has failed to comply with the applicable provisions of Title 48 RCW;

(4) The business of the insurer is being conducted fraudulently; or

(5) The insurer gives its consent.