Revised Code of Washington - RCW Title 48 Insurance - Section 48.05.060

§ 48.05.060. "Capital funds" defined

"Capital funds" means the excess of the assets of an insurer over its liabilities. Capital stock, if any, shall not be deemed to be a liability for the purposes of this section.

[1947 c 79 § .05.06; Rem. Supp. 1947 § 45.05.06.]

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Last modified: April 7, 2009