Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.07 Domestic Insurers -- Powers

  • 48.07.010 Application of code to existing insurers
    Existing authorized domestic insurers shall continue to insure only in accordance with the provisions of this code.[1947 c 79 § .07.01; Rem. Supp. 1947 § ...
  • 48.07.020 Principal office
    Every domestic insurer shall establish and maintain in this state its principal office and place of business.[1947 c 79 § .07.02; Rem. Supp. 1947 § ...
  • 48.07.030 Application of general corporation laws
    The laws of this state relating to private corporations, except where inconsistent with the express provisions of this code, shall govern the corporate powers, duties, ...
  • 48.07.040 Annual, special meetings
    Each incorporated domestic insurer shall hold an annual meeting of its shareholders or members at such time and place as may be stated in or ...
  • 48.07.050 Directors -- Qualifications -- Removal
    Not less than three-fourths of the directors of an incorporated domestic insurer shall be United States or Canadian citizens, and a majority of the board ...
  • 48.07.060 Corrupt practices -- Penalty
    No person shall buy or sell or barter a vote or proxy, relative to any meeting of shareholders or members of an incorporated domestic insurer, ...
  • 48.07.070 Amendment of articles of incorporation
    (1) Unless a vote of a greater proportion of directors or shares is required by its articles of incorporation, amendments to the articles of incorporation ...
  • 48.07.080 Guarantee of officers' obligations prohibited
    No domestic insurer or its affiliates or subsidiaries shall guarantee the financial obligation of any director or officer of such insurer or affiliate or subsidiary ...
  • 48.07.100 Vouchers for expenditures
    (1) No domestic insurer shall make any disbursement of twenty-five dollars or more, unless evidenced by a voucher correctly describing the consideration for the payment ...
  • 48.07.110 Depositaries
    The funds of a domestic insurer shall not be deposited in any bank or banking institution which has not first been approved as a depositary ...
  • 48.07.130 Pecuniary interest of officer or director, restrictions upon
    (1) No person having any authority in the investment or disposition of the funds of a domestic insurer and no officer or director of an ...
  • 48.07.140 Compliance with foreign laws
    Any domestic insurer doing business in another state, territory or sovereignty may design and issue insurance contracts and transact insurance in such state, territory or ...
  • 48.07.150 Solicitations in other states
    (1) No domestic insurer shall knowingly solicit insurance business in any reciprocating state in which it is not then licensed as an authorized insurer. (2) ...
  • 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 ...
  • 48.07.170 Continuing operation in event of national emergency -- Emergency bylaws
    The board of directors of any domestic insurer may at any time adopt emergency bylaws, subject to repeal or change by action of those having ...
  • 48.07.180 Continuing operation in event of national emergency -- Directors
    In the event that the board of directors of a domestic insurer has not adopted emergency bylaws, the following provisions shall become effective upon the ...
  • 48.07.190 Continuing operation in event of national emergency -- Officers
    At any time the board of directors of a domestic insurer may, by resolution, provide that in the event of such a national emergency and ...
  • 48.07.200 Continuing operation in event of national emergency -- Principal office and place of business
    At any time the board of directors of a domestic insurer may, by resolution, provide that in the event of such a national emergency the ...
  • 48.07.210 Conversion to domestic insurer
    (1)(a) Any insurer duly organized under the laws of any other state and admitted to transact insurance business in this state may become a domestic ...

Last modified: April 7, 2009