Revised Code of Washington
Chapter 48.05 - Insurers—General Requirements.
48.05.270 - Alien insurer—Capital funds, determination.

RCW 48.05.270
Alien insurer—Capital funds, determination.

(1) The capital funds of an alien insurer shall be deemed to be the amount by which its assets, deposited and otherwise held as provided in RCW 48.05.090 exceed its liabilities with respect to its business transacted in the United States.
(2) Assets of such insurer held in any state for the special protection of policyholders and obligees in such state shall not constitute assets of the insurer for the purposes of this code. Liabilities of the insurer so secured by such assets, but not exceeding the amount of such assets, may be deducted in computing the insurer's liabilities for the purpose of this section.

[1947 c 79 § .05.27; Rem. Supp. 1947 § 45.05.27.]

Structure Revised Code of Washington

Revised Code of Washington

Title 48 - Insurance

Chapter 48.05 - Insurers—General Requirements.

48.05.010 - "Domestic," "foreign," "alien" insurers defined.

48.05.030 - Certificate of authority required.

48.05.040 - Certificate of authority—Qualifications.

48.05.045 - Certificate of authority not to be issued to governmentally owned insurer.

48.05.050 - "Charter" defined.

48.05.060 - "Capital funds" defined.

48.05.070 - Application for certificate of authority.

48.05.073 - Filing of financial statements.

48.05.080 - Foreign insurers—Deposit.

48.05.090 - Alien insurers—Assets required—Trust deposit.

48.05.100 - Alien insurers—Deposit resolution.

48.05.105 - Foreign or alien insurers—Three years active transacting required—Exception.

48.05.110 - Issuance of certificate of authority.

48.05.120 - Certificate of authority—Duration, renewal, amendment.

48.05.130 - Certificate of authority—Mandatory refusal, revocation, suspension.

48.05.140 - Certificate of authority—Discretionary refusal, revocation, suspension.

48.05.150 - Notice of intention to refuse, revoke, or suspend.

48.05.160 - Period of suspension.

48.05.170 - Reauthorization, limitation upon.

48.05.180 - Notice of refusal, revocation, suspension—Effect upon insurance producers' or title insurance agents' authority.

48.05.185 - Fine in addition or in lieu of suspension, revocation, or refusal.

48.05.190 - Name of insurer.

48.05.200 - Commissioner as attorney for service of process—Exception.

48.05.215 - Unauthorized foreign or alien insurers—Jurisdiction of state courts—Service of process—Procedure.

48.05.220 - Venue of actions against insurer.

48.05.250 - Annual statement.

48.05.270 - Alien insurer—Capital funds, determination.

48.05.280 - Records and accounts of insurers.

48.05.290 - Withdrawal of insurer—Reinsurance.

48.05.320 - Reports of fire losses.

48.05.330 - Insurers—Combination of kinds of insurance authorized—Exceptions.

48.05.340 - Capital and surplus requirements.

48.05.350 - General casualty insurer combining disability, fidelity, insurance.

48.05.370 - Fiduciary relationship to insurer of officers, directors or corporation holding controlling interest.

48.05.380 - Reports by property and casualty insurers—Rules.

48.05.383 - Statement of actuarial opinion—Property and casualty insurance.

48.05.385 - Statement of actuarial opinion—Property and casualty insurance—Confidentiality.

48.05.390 - Reports by various insurers—Contents.

48.05.400 - Annual filing and fee to National Association of Insurance Commissioners—Penalty.

48.05.410 - Health care practitioner risk management training.

48.05.430 - Definitions.

48.05.435 - Report of RBC levels—Formula for determining levels—Inaccurate reports adjusted by commissioner.

48.05.440 - Company action level event—Definition—RBC plan—Commissioner's review.

48.05.445 - Regulatory action level event—Definition—Commissioner's duties—Corrective actions.

48.05.450 - Authorized control level event—Definition—Commissioner's duties.

48.05.455 - Mandatory control level event—Definition—Commissioner's duties.

48.05.460 - Insurer's right to a hearing—Request—Commissioner sets date.

48.05.465 - Confidentiality of RBC reports and plans—Use of information for comparative purposes—Use of information to monitor solvency.

48.05.470 - Regulation of capital and surplus requirements is supplemental—Commissioner may grant exemptions.

48.05.475 - RBC report from foreign or alien insurers—Request of commissioner—Commissioner's options.

48.05.480 - No liability for regulation of capital and surplus requirements.

48.05.485 - Notices by commissioner—When effective.

48.05.510 - Disclosure of certain material transactions—Insurer's report—Information is confidential.

48.05.515 - Material acquisitions or dispositions.

48.05.520 - Asset acquisitions—Asset dispositions.

48.05.525 - Report of a material acquisition or disposition of assets—Information required.

48.05.530 - Material nonrenewals, cancellations, or revisions of ceded reinsurance agreements.

48.05.535 - Report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreements—Information required.