RCW 48.05.370
Fiduciary relationship to insurer of officers, directors or corporation holding controlling interest.
Officers and directors of an insurer or a corporation holding a controlling interest in an insurer shall be deemed to stand in a fiduciary relation to the insurer, and shall discharge the duties of their respective positions in good faith, and with that diligence, care and skill which ordinary prudent persons would exercise under similar circumstances in like positions.
[ 2009 c 549 § 7020; 1969 ex.s. c 241 § 1.]
Structure Revised Code of Washington
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.
48.05.185 - Fine in addition or in lieu of suspension, revocation, or refusal.
48.05.200 - Commissioner as attorney for service of process—Exception.
48.05.220 - Venue of actions against insurer.
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.
48.05.380 - 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.
48.05.440 - 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.
48.05.480 - No liability for regulation of capital and surplus requirements.
48.05.485 - Notices by commissioner—When effective.
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.