Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.08 Domestic Stock Insurers

48.08.010 Increase of capital stock
(1) Increase of the capital stock of a domestic stock insurer shall be by amendment to its articles of incorporation. (2) If the increased capital ...

48.08.020 Reduction of capital stock
(1) Reduction of the capital stock of a domestic stock insurer shall be by amendment of its articles of incorporation. No such reduction shall be ...

48.08.030 Dividends to stockholders
(1) No domestic stock insurer shall pay any cash dividend to stockholders except out of earned surplus. For the purpose of this section, "earned surplus" ...

48.08.040 Illegal dividends, reductions -- Penalty against directors
Any director of a domestic stock insurer who votes for or concurs in the declaration or payment of any dividend to stockholders or a reduction ...

48.08.050 Impairment of capital
(1) If the capital stock of a domestic stock insurer becomes impaired, the commissioner shall at once determine the amount of the deficiency and serve ...

48.08.060 Repayment of contributions to surplus
Contributions to the surplus of a domestic stock insurer other than resulting from sale of its capital stock, shall not be subject to repayment except ...

48.08.070 Participating policies
(1) Any domestic stock insurer may, if its charter so provides, issue policies entitled to participate from time to time in the earnings of the ...

48.08.080 Mutualization of stock insurers
(1) Any domestic stock insurer may become a domestic mutual insurer pursuant to such plan and procedure as are approved by the commissioner in advance ...

48.08.090 Stockholder meetings -- Duty to inform stockholders of matters to be presented -- Proxies
(1) This section shall apply to all domestic stock insurers except: (a) A domestic stock insurer having less than one hundred stockholders; except, that if ...

48.08.100 Equity security -- Defined
The term "equity security" when used in RCW 48.08.100 through 48.08.160 means any stock or similar security; or any security convertible, with or without consideration, ...

48.08.110 Equity security -- Duty to file statement of ownership
Every person who is directly or indirectly the beneficial owner of more than ten percent of any class of any equity security of a domestic ...

48.08.120 Equity security -- Profits from short term transactions -- Remedies -- Limitation of actions
For the purpose of preventing the unfair use of information which may have been obtained by such beneficial owner, director or officer by reason of ...

48.08.130 Equity security -- Sales, unlawful practices
It shall be unlawful for any such beneficial owner, director or officer, directly or indirectly, to sell any equity security of such insurer if the ...

48.08.140 Equity security -- Exemptions -- Sales by dealer
The provisions of RCW 48.08.120 shall not apply to any purchase and sale, or sale and purchase, and the provisions of RCW 48.08.130 shall not ...

48.08.150 Equity security -- Exemptions -- Foreign or domestic arbitrage transactions
The provisions of RCW 48.08.110, 48.08.120 and 48.08.130 shall not apply to foreign or domestic arbitrage transactions unless made in contravention of such rules and ...

48.08.160 Equity security -- Exemptions -- Securities registered or required to be, or no class held by one hundred or more persons
The provisions of RCW 48.08.110, 48.08.120, and 48.08.130 shall not apply to equity securities of a domestic stock insurer if (1) such securities shall be ...

48.08.170 Equity security -- Rules and regulations
The commissioner shall have the power to make such rules and regulations as may be necessary for the execution of the functions vested in him ...

48.08.190 Failure to file required information, documents, or reports -- Forfeiture
Any person who fails to file information, documents, or reports required to be filed under chapter 241, Laws of 1969 ex. sess. or any rule ...