Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.35 Alien Insurers

48.35.010 Application -- Definition
This chapter applies to all alien insurers using this state as a state of entry to transact insurance in the United States. For the purposes ...

48.35.020 Deposit required -- Amount
(1) An alien insurer may use this state as a state of entry to transact insurance in the United States by maintaining in this state ...

48.35.030 Deposit required -- Duration
The deposit required by this chapter must be for the benefit, security, and protection of the policyholders or creditors, or both, of the insurer in ...

48.35.040 Trusts created before May 17, 1991
All trusts of trusteed assets created before May 17, 1991, must be continued under the instruments creating those trusts. If the commissioner determines that the ...

48.35.050 Alien insurer -- State authorization required
An alien insurer proposing to use this state as a state of entry to transact insurance in the United States, must be authorized to transact ...

48.35.060 Trusteed assets -- Creation -- Commissioner's approval of trust agreement
(1) The alien insurer shall create the trusteed assets required by this chapter under a written trust agreement between the insurer and the trustee, consistent ...

48.35.070 Trust agreement -- Amendment
A trust agreement may be amended. However, the amendment is not effective until filed with the commissioner and the commissioner finds and states in writing ...

48.35.080 Trust agreement -- Withdrawal of commissioner's approval
The commissioner may withdraw his or her approval of a trust agreement, or of an amendment to the agreement, if the commissioner determines that the ...

48.35.090 Trust agreement -- Vesting of trusteed assets
The trust agreement must provide that title to the trusteed assets vests and remains vested in the trustees and their successors for the purposes of ...

48.35.100 Trusteed assets -- Trustee's records
The trustee shall keep the trusteed assets separate from other assets and shall maintain a record sufficient to identify the trusteed assets at all times.[1991 ...

48.35.110 Trusteed assets -- Trustee's statements -- Commissioner's approval
(1) The trustee of trusteed assets shall file statements with the commissioner, in a form required by the commissioner, certifying the character and amount of ...

48.35.120 Trusteed assets -- Examination -- Commissioner's approval of assignment or transfer
(1) The commissioner may examine trusteed assets of any insurer at any time in accordance with the same conditions and procedures governing the examination of ...

48.35.130 Trusteed assets -- Commissioner's approval of withdrawals
(1) The trust agreement must provide that the commissioner shall authorize and approve in writing all withdrawals of trusteed assets in advance except as follows: ...

48.35.140 Trusteed assets -- Substitution of trustee
A new trustee may be substituted for the original trustee of trusteed assets in the event of a vacancy or for other proper cause. Any ...

48.35.150 Trusteed assets -- Compensation and expenses of trustees
The insurer shall provide for the compensation and expenses of the trustees of assets of an alien insurer under this chapter in an amount, or ...

48.35.160 United States manager -- Mexican or Canadian insurers
The provisions of this chapter applicable to a United States manager shall, in the case of insurers domiciled in Mexico or Canada, be deemed to ...

48.35.170 Domestication of alien insurer -- Commissioner's approval
(1) Upon compliance with this chapter, an alien insurer authorized to do business in this state may, with the prior written approval of the commissioner, ...

48.35.180 Domestication agreement -- Necessary authorization
(1) The domestication agreement shall be authorized, adopted, approved, signed, and acknowledged by the alien insurer in accordance with the laws of the country under ...

48.35.190 Domestication agreement -- Commissioner's approval of corporate proceedings
An executed counterpart of the domestication agreement, together with certified copies of the corporate proceedings of the domestic insurer and the alien insurer, approving, adopting, ...

48.35.200 Domestication -- When effective -- Deposits -- Transfer of assets
(1) Upon the filing with the commissioner of a certified copy of the instrument of transfer and assumption pursuant to which a domestic company succeeds ...