§ 48.05.270. Alien insurer -- Capital funds, determination
(1) The capital funds of an alien insurer shall be deemed to be the amount by which its assets, deposited and otherwise held as provided in RCW 48.05.090 exceed its liabilities with respect to its business transacted in the United States.
(2) Assets of such insurer held in any state for the special protection of policyholders and obligees in such state shall not constitute assets of the insurer for the purposes of this code. Liabilities of the insurer so secured by such assets, but not exceeding the amount of such assets, may be deducted in computing the insurer's liabilities for the purpose of this section.
[1947 c 79 § .05.27; Rem. Supp. 1947 § 45.05.27.]
Sections: Previous 48.05.185 48.05.190 48.05.200 48.05.210 48.05.215 48.05.220 48.05.250 48.05.270 48.05.280 48.05.290 48.05.310 48.05.320 48.05.330 48.05.340 48.05.350 NextLast modified: April 7, 2009