RCW 48.09.260
Liability as lien on policy reserves.
As to life insurance, any portion of an assessment of contingent liability upon a policyholder which remains unpaid following notice of such assessment, demand for payment, and lapse of a reasonable waiting period as specified in such notice, may, if approved by the commissioner, be secured by placing a lien on the reserves held by the insurer to the credit of such policyholder.
[ 1949 c 190 § 12; 1947 c 79 § .09.26; Rem. Supp. 1949 § 45.09.26.]
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.