Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.31B Insurer Holding Company Act

48.31B.005 Definitions
As used in this chapter, the following terms have the meanings set forth in this section, unless the context requires otherwise. (1) An "affiliate" of, ...
48.31B.010 Insurer ceases to control subsidiary -- Disposal of investment
If an insurer ceases to control a subsidiary, it shall dispose of any investment in the subsidiary within three years from the time of the ...
48.31B.015 Control of insurer -- Acquisition, merger, or exchange -- Preacquisition notification -- Jurisdiction of courts
(1) No person other than the issuer may make a tender offer for or a request or invitation for tenders of, or enter into an ...
48.31B.020 Acquisition of insurer -- Change in control -- Definitions -- Exemptions -- Competition -- Preacquisition notification -- Violations -- Penalties
(1) The definitions in this subsection apply only for the purposes of this section. (a) "Acquisition" means an agreement, arrangement, or activity, the consummation of ...
48.31B.025 Registration with commissioner -- Information required -- Rule making -- Disclaimer of affiliation -- Failure to file
(1) Every insurer authorized to do business in this state that is a member of an insurance holding company system shall register with the commissioner, ...
48.31B.030 Insurer subject to registration -- Standards for transactions within a holding company system -- Extraordinary dividends or distributions -- Insurer's surplus
(1)(a) Transactions within a holding company system to which an insurer subject to registration is a party are subject to the following standards: (i) The ...
48.31B.035 Examination of insurers -- Commissioner may order production of information -- Failure to comply -- Costs of examination
(1) Subject to the limitation contained in this section and in addition to the powers that the commissioner has under chapter 48.03 RCW relating to ...
48.31B.040 Rule making
The commissioner may, upon notice and opportunity for all interested persons to be heard, adopt rules and issue orders that are necessary to carry out ...
48.31B.045 Violations of chapter -- Commissioner may seek superior court order
(1) Whenever it appears to the commissioner that an insurer or a director, officer, employee, or agent of the insurer has committed or is about ...
48.31B.050 Violations of chapter -- Penalties -- Civil forfeitures -- Orders -- Referral to prosecuting attorney -- Imprisonment
(1) The commissioner shall require, after notice and hearing, an insurer failing, without just cause, to file a registration statement as required in this chapter, ...
48.31B.055 Violations of chapter -- Impairment of financial condition -- Commissioner may take possession
Whenever it appears to the commissioner that a person has committed a violation of this chapter that so impairs the financial condition of a domestic ...
48.31B.060 Order for liquidation or rehabilitation -- Recovery of distributions or payments -- Personal liability -- Maximum amount recoverable
(1) If an order for liquidation or rehabilitation of a domestic insurer has been entered, the receiver appointed under the order may recover on behalf ...
48.31B.065 Violations of chapter -- Contrary to interests of policyholders or the public -- Suspension, revocation, or nonrenewal of license
Whenever it appears to the commissioner that a person has committed a violation of this chapter that makes the continued operation of an insurer contrary ...
48.31B.070 Person aggrieved by actions of commissioner
(1) A person aggrieved by an act, determination, rule, order, or any other action of the commissioner under this chapter may proceed in accordance with ...
48.31B.900 Short title
This chapter may be known and cited as the Insurer Holding Company Act.[1993 c 462 § 1.] ...
48.31B.901 Severability -- 1993 c 462
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 ...
48.31B.902 Implementation -- 1993 c 462
The insurance commissioner may take such steps as are necessary to ensure that this act is implemented on July 25, 1993.[1993 c 462 § 106.] ...

Last modified: April 7, 2009