§ 48.31.100. Foreign or alien insurers -- Conservation, ancillary proceedings
(1) An order to conserve the assets of a foreign or alien insurer must direct the commissioner immediately to take possession of the property of the insurer within this state and to conserve it, subject to the further direction of the court.
(2) Whenever a domiciliary receiver is appointed for a foreign or alien insurer in its domiciliary state that is also a reciprocal state, as defined in RCW 48.99.010, the court shall on application of the commissioner appoint the commissioner as the ancillary receiver in this state, subject to the provisions of the uniform insurers liquidation act.
[2005 c 223 § 23; 1947 c 79 § .31.10; Rem. Supp. 1947 § 45.31.10.]
Sections: Previous 48.31.040 48.31.045 48.31.050 48.31.060 48.31.070 48.31.080 48.31.090 48.31.100 48.31.105 48.31.111 48.31.115 48.31.121 48.31.125 48.31.131 48.31.135 NextLast modified: April 7, 2009