RCW 48.09.190
Procedure upon violation of limitation.
The officers and directors of an insurer violating RCW 48.09.180 shall be jointly and severally liable to the insurer for any excess of expenses incurred. If the insurer fails to exercise reasonable diligence or refuses to enforce such liability, the commissioner may prosecute action thereon for the benefit of the insurer. Such failure or refusal constitutes grounds for revocation of the insurer's certificate of authority.
[1947 c 79 § .09.19; Rem. Supp. 1947 § 45.09.19.]
Structure Revised Code of Washington
Chapter 48.09 - Mutual Insurers.
48.09.010 - Initial qualifications.
48.09.090 - Additional kinds of insurance.
48.09.120 - Rights of members.
48.09.140 - Notice of annual meeting.
48.09.160 - Directors—Disqualification.
48.09.180 - Limitation of expenses as to property and casualty insurance.
48.09.190 - Procedure upon violation of limitation.
48.09.210 - Limitation of action on officer's salary.
48.09.220 - Contingent liability of members.
48.09.230 - Assessment of members.
48.09.235 - Issuing a capital call—Notice—Insurer's duties—Rules.
48.09.240 - Contingent liability of members of assessment insurer.
48.09.250 - Contingent liability as asset.
48.09.260 - Liability as lien on policy reserves.
48.09.270 - Nonassessable policies.
48.09.280 - Qualification on issuance of nonassessable policies.
48.09.290 - Revocation of right to issue nonassessable policies.
48.09.310 - Nonparticipating policies.
48.09.330 - Repayment of borrowed capital.
48.09.340 - Impairment of surplus.
48.09.350 - Reorganization of mutual as stock insurer—Reinsurance—Approval.
48.09.360 - Distribution of assets and ownership equities upon liquidation.