Revised Code of Washington - RCW Title 48 Insurance - Section 48.06.160 Insurance applications -- Mutual and reciprocal insurers

§ 48.06.160. Insurance applications -- Mutual and reciprocal insurers

All applications for insurance obtained in forming a mutual or reciprocal insurer shall provide that:

(1) Issuance of the policy is contingent upon completion of organization of the insurer and issuance to it of a certificate of authority; and

(2) the prepaid premium or deposit will be refunded in full to the applicant if the organization is not completed and certificate of authority issued prior to the solicitation permit's date of expiration; and

(3) the agreement for insurance is not effective until a policy has been issued under it.

[1947 c 79 § .06.16; Rem. Supp. 1947 § 45.06.16.]

Sections:  Previous  48.06.050  48.06.060  48.06.070  48.06.080  48.06.090  48.06.100  48.06.110  48.06.120  48.06.130  48.06.150  48.06.160  48.06.170  48.06.180  48.06.190  48.06.200  Next

Last modified: April 7, 2009