Revised Code of Washington
2023 Archive

Chapter 48.05 RCW
INSURERSGENERAL REQUIREMENTS
PDF of Chapter Digest
PDF of Complete Chapter
Sections
48.05.010"Domestic," "foreign," "alien" insurers defined.
48.05.030Certificate of authority required.
48.05.040Certificate of authorityQualifications.
48.05.045Certificate of authority not to be issued to governmentally owned insurer.
48.05.050"Charter" defined.
48.05.060"Capital funds" defined.
48.05.070Application for certificate of authority.
48.05.073Filing of financial statements.
48.05.080Foreign insurersDeposit.
48.05.090Alien insurersAssets requiredTrust deposit.
48.05.100Alien insurersDeposit resolution.
48.05.105Foreign or alien insurersThree years active transacting requiredException.
48.05.110Issuance of certificate of authority.
48.05.120Certificate of authorityDuration, renewal, amendment.
48.05.130Certificate of authorityMandatory refusal, revocation, suspension.
48.05.140Certificate of authorityDiscretionary refusal, revocation, suspension.
48.05.150Notice of intention to refuse, revoke, or suspend.
48.05.160Period of suspension.
48.05.170Reauthorization, limitation upon.
48.05.180Notice of refusal, revocation, suspensionEffect upon insurance producers' or title insurance agents' authority.
48.05.185Fine in addition or in lieu of suspension, revocation, or refusal.
48.05.190Name of insurer.
48.05.200Commissioner as attorney for service of processException.
48.05.215Unauthorized foreign or alien insurersJurisdiction of state courtsService of processProcedure.
48.05.220Venue of actions against insurer.
48.05.250Annual statement.
48.05.270Alien insurerCapital funds, determination.
48.05.280Records and accounts of insurers.
48.05.290Withdrawal of insurerReinsurance.
48.05.320Reports of fire losses.
48.05.330InsurersCombination of kinds of insurance authorizedExceptions.
48.05.340Capital and surplus requirements.
48.05.350General casualty insurer combining disability, fidelity, insurance.
48.05.370Fiduciary relationship to insurer of officers, directors or corporation holding controlling interest.
48.05.380Reports by property and casualty insurersRules.
48.05.383Statement of actuarial opinionProperty and casualty insurance.
48.05.385Statement of actuarial opinionProperty and casualty insuranceConfidentiality.
48.05.390Reports by various insurersContents.
48.05.400Annual filing and fee to National Association of Insurance CommissionersPenalty.
48.05.410Health care practitioner risk management training.
48.05.430Definitions.
48.05.435Report of RBC levelsFormula for determining levelsInaccurate reports adjusted by commissioner.
48.05.440Company action level eventDefinitionRBC planCommissioner's review.
48.05.445Regulatory action level eventDefinitionCommissioner's dutiesCorrective actions.
48.05.450Authorized control level eventDefinitionCommissioner's duties.
48.05.455Mandatory control level eventDefinitionCommissioner's duties.
48.05.460Insurer's right to a hearingRequestCommissioner sets date.
48.05.465Confidentiality of RBC reports and plansUse of information for comparative purposesUse of information to monitor solvency.
48.05.470Regulation of capital and surplus requirements is supplementalCommissioner may grant exemptions.
48.05.475RBC report from foreign or alien insurersRequest of commissionerCommissioner's options.
48.05.480No liability for regulation of capital and surplus requirements.
48.05.485Notices by commissionerWhen effective.
48.05.510Disclosure of certain material transactionsInsurer's reportInformation is confidential.
48.05.515Material acquisitions or dispositions.
48.05.520Asset acquisitionsAsset dispositions.
48.05.525Report of a material acquisition or disposition of assetsInformation required.
48.05.530Material nonrenewals, cancellations, or revisions of ceded reinsurance agreements.
48.05.535Report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreementsInformation required.
NOTES:
Deposit of insurers: Chapter 48.16 RCW.
Federal home loan bank as depositary: RCW 30A.32.040.
Fees and taxes: Chapter 48.14 RCW.
Health care services: Chapter 48.44 RCW.
Insurance producers, title insurance agents, and adjusters: Chapter 48.17 RCW.
Insuring powers and capital funds required: Chapter 48.11 RCW.
Interlocking ownership, management: RCW 48.30.250.
Policy forms, execution, filing, etc.: Chapter 48.18 RCW.
Rates and rating organizations: Chapter 48.19 RCW.
Stamping bureau: RCW 48.19.410.
Unauthorized insurers: Chapter 48.15 RCW.
Unfair practices: Chapter 48.30 RCW.