§ 48.07.160. Continuing operation in event of national emergency -- Declaration of purpose -- "Insurer" defined
It is desirable for the general welfare and in particular for the welfare of insurance beneficiaries, policyholders, claimants and others that the business of domestic insurers be continued notwithstanding the event of a national emergency. The purpose of this section and RCW 48.07.170 through 48.07.200 is to facilitate the continued operation of domestic insurers in the event that a national emergency is caused by an attack on the United States which is so disruptive of normal business and commerce in this state as to make it impossible or impracticable for a domestic insurer to conduct its business in accord with applicable provisions of law, its bylaws, or its charter. When used in this section and RCW 48.07.170 through 48.07.200 the word "insurer" includes a fraternal benefit society.
[1963 c 195 § 25.]
Sections: Previous 48.07.050 48.07.060 48.07.070 48.07.080 48.07.100 48.07.110 48.07.130 48.07.140 48.07.150 48.07.160 48.07.170 48.07.180 48.07.190 48.07.200 48.07.210 NextLast modified: April 7, 2009