Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.32A Washington Life And Disability Insurance Guaranty Association Act

48.32A.005 Short title
This chapter may be known and cited as the Washington life and disability insurance guaranty association act.[2001 c 50 § 1.] ...
48.32A.015 Purpose
(1) The purpose of this chapter is to protect, subject to certain limitations, the persons specified in RCW 48.32A.025(1) against failure in the performance of ...
48.32A.025 Coverage and limitations
(1) This chapter provides coverage for the policies and contracts specified in subsection (2) of this section as follows: (a) To persons who, regardless of ...
48.32A.035 Construction
This chapter shall be construed to effect the purpose under RCW 48.32A.015.[2001 c 50 § 4.] ...
48.32A.045 Definitions
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Account" means either of the two accounts created under ...
48.32A.055 Creation of the association
(1) There is created a nonprofit unincorporated legal entity to be known as the Washington life and disability insurance guaranty association which is composed of ...
48.32A.065 Board of directors
(1) The board of directors of the association consists of the commissioner ex officio and not less than five nor more than nine member insurers ...
48.32A.075 Powers and duties of the association
(1) If a member insurer is an impaired insurer, the association may, in its discretion, and subject to any conditions imposed by the association that ...
48.32A.085 Assessments
(1) For the purpose of providing the funds necessary to carry out the powers and duties of the association, the board of directors shall assess ...
48.32A.095 Plan of operation
(1)(a) The association shall submit to the commissioner a plan of operation and any amendments necessary or suitable to assure the fair, reasonable, and equitable ...
48.32A.105 Duties and powers of the commissioner
(1) In addition to the duties and powers enumerated elsewhere in this chapter, the commissioner shall: (a) Upon request of the board of directors, provide ...
48.32A.115 Prevention of insolvencies
The commissioner shall aid in the detection and prevention of insurer insolvencies or impairments. (1) It is the duty of the commissioner to: (a) Notify ...
48.32A.125 Credits for assessments paid--Tax offsets
(1) A member insurer may offset against its premium tax liability to this state an assessment described in RCW 48.32A.085(8) to the extent of twenty ...
48.32A.135 Miscellaneous provisions
(1) This chapter does not reduce the liability for unpaid assessments of the insureds of an impaired or insolvent insurer operating under a plan with ...
48.32A.145 Examination of the association--Annual report
The association is subject to examination and regulation by the commissioner. The board of directors shall submit to the commissioner each year, not later than ...
48.32A.155 Tax exemptions
The association is exempt from payment of all fees and all taxes levied by this state or any of its subdivisions, except taxes levied on ...
48.32A.165 Immunity
There is no liability on the part of and no cause of action of any nature may arise against any member insurer or its agents ...
48.32A.175 Stay of proceedings--Reopening default judgments
All proceedings in which the insolvent insurer is a party in any court in this state are stayed sixty days from the date an order ...
48.32A.185 Prohibited advertisement of insurance guaranty association act in insurance sales -- Notice to policy owners
(1) No person, including an insurer, agent, or affiliate of an insurer may make, publish, disseminate, circulate, or place before the public, or cause directly ...
48.32A.901 Prospective application--Savings--2001 c 50
(1) This chapter does not apply to any impaired insurer that was under an order of rehabilitation or conservation, or to any insolvent insurer that ...
48.32A.902 Captions not law--2001 c 50
Captions used in this act are not any part of the law.[2001 c 50 § 21.] ...

Last modified: April 7, 2009