PDFWAC 374-30-060

Surplus reserves—Use and reestablishment.

Funds set aside as surplus reserves shall be used only for payment of reinsurance costs and expenses resulting from natural disasters, catastrophes, or other conditions not foreseen or expected. Such payments may be made only by order of the director. In the event that such use is made of any or all of the surplus reserves established by this rule, the surplus reserve balance shall be restored to required levels out of program revenues as expeditiously as possible.
[Statutory Authority: RCW 70.148.040. WSR 90-14-020 (Order 90-5), § 374-30-060, filed 6/27/90, effective 8/1/90.]