Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.92 Liability Risk Retention

48.92.010 Purpose
The purpose of this chapter is to regulate the formation and operation of risk retention groups and purchasing groups in this state formed pursuant to ...

48.92.020 Definitions
As used in this chapter, the following terms have the meanings indicated unless the context clearly requires otherwise: (1) "Commissioner" means the insurance commissioner of ...

48.92.030 Requirements for chartering
(1) A risk retention group seeking to be chartered in this state must be chartered and licensed as a liability insurance company authorized by the ...

48.92.040 Required acts -- Prohibited practices
Risk retention groups chartered and licensed in states other than this state and seeking to do business as a risk retention group in this state ...

48.92.050 Insolvency guaranty fund, participation prohibited -- Joint underwriting associations, participation required
(1) No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, ...

48.92.060 Countersigning not required
A policy of insurance issued to a risk retention group or any member of that group shall not be required to be countersigned.[1987 c 306 ...

48.92.070 Purchasing groups -- Exempt from certain laws
A purchasing group and its insurer or insurers are subject to all applicable laws of this state, except that a purchasing group and its insurer ...

48.92.080 Purchasing groups -- Notice and registration
(1) A purchasing group which intends to do business in this state shall furnish, before doing business, notice to the commissioner, on forms prescribed by ...

48.92.090 Purchasing groups -- Dealing with foreign insurers -- Deductible or self-insured retention -- Aggregate limits
(1) A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not ...

48.92.095 Premium taxes -- Imposition -- Obligations -- Member's liability
Premium taxes and taxes on premiums paid for coverage of risks resident or located in this state by a purchasing group or any members of ...

48.92.100 Authority of commissioner
The commissioner is authorized to make use of any of the powers established under Title 48 RCW to enforce the laws of this state so ...

48.92.110 Penalties
A risk retention group which violates any provision of this chapter shall be subject to fines and penalties applicable to licensed insurers generally, including revocation ...

48.92.120 Agents, brokers, solicitors -- License required
(1) A person may not act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state from a risk retention ...

48.92.130 Federal injunctions
An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating, in any ...

48.92.140 Rules
The commissioner may establish and from time to time amend the rules relating to risk retention or purchasing groups as may be necessary or desirable ...