Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.130 Interstate Insurance Product Regulation Compact

  • 48.130.005 Purposes -- Insurance commissioner represents state
    Under the terms and conditions of this chapter, the state of Washington seeks to join with other states and establish the interstate insurance product regulation ...
  • 48.130.010 Definitions
    The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Advertisement" means any material designed to create public interest ...
  • 48.130.020 Commission created
    (1) The compacting states hereby create and establish a joint public agency known as the interstate insurance product regulation commission. Under RCW 48.130.030, the commission ...
  • 48.130.030 Commission's powers
    The commission shall have the following powers: (1) To adopt rules, under RCW 48.130.060, which shall have the force and effect of law and shall ...
  • 48.130.040 Commission membership -- Management and legislative committees -- Liability
    (1)(a) Each compacting state shall have and be limited to one member. Each member shall be qualified to serve in that capacity pursuant to applicable ...
  • 48.130.050 Commission actions -- Voting
    (1) The commission shall meet and take such actions as are consistent with the provisions of the compact and the bylaws. (2) Each member of ...
  • 48.130.060 Commission rule making -- Uniform standards and operating procedures -- States may opt out
    (1) The commission shall adopt reasonable rules, including uniform standards, and operating procedures in order to effectively and efficiently achieve the purposes of the compact. ...
  • 48.130.070 Commission rule making -- Confidentiality of information and records -- Compliance with compact
    (1) The commission shall adopt rules establishing conditions and procedures for public inspection and copying of its information and official records, except such information and ...
  • 48.130.080 Dispute resolution
    The commission shall attempt, upon the request of a member, to resolve any disputes or other issues that are subject to this compact and which ...
  • 48.130.090 Commission approval of product -- Filing -- Rule making
    (1) Insurers and third-party filers seeking to have a product approved by the commission shall file the product with, and pay applicable filing fees to, ...
  • 48.130.100 Commission disapproval of product -- Appeal
    (1) Not later than thirty days after the commission has given notice of a disapproved product or advertisement filed with the commission, the insurer or ...
  • 48.130.110 Commission expenses -- Budget -- Tax exempt -- Accounting
    (1) The commission shall pay or provide for the payment of the reasonable expenses of its establishment and organization. To fund the cost of its ...
  • 48.130.120 Compact, commission, compact amendments -- When effective
    (1) Any state is eligible to become a compacting state. (2) The compact shall become effective and binding upon legislative enactment of the compact into ...
  • 48.130.130 Withdrawal from compact, how -- Default by state -- Dissolution of compact
    (1)(a) Once effective, the compact shall continue in force and remain binding upon each and every compacting state. However, a compacting state may withdraw from ...
  • 48.130.140 Effect of compact -- Other state laws -- Binding on compacting states, when
    (1)(a) The compact does not prevent the enforcement of any other law of a compacting state, except as provided in (b) of this subsection. (b) ...
  • 48.130.900 Severability -- 2005 c 92
    If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application ...
  • 48.130.901 Construction -- 2005 c 92
    This chapter shall be liberally construed.[2005 c 92 § 17.] ...

Last modified: April 7, 2009