RCW 48.10.320
Distribution of assets upon liquidation.
Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contribution of the attorney to its surplus made as provided in RCW 48.10.190, and the return of any unused deposits, savings, or credits, shall be distributed to its subscribers who were such within the twelve months prior to the last termination of its certificate of authority according to such formula as may have been approved by the commissioner.
[1947 c 79 § .10.32; Rem. Supp. 1947 § 45.10.32.]
Structure Revised Code of Washington
Chapter 48.10 - Reciprocal Insurers.
48.10.010 - "Reciprocal insurance" defined.
48.10.020 - "Reciprocal insurer" defined.
48.10.050 - Insuring powers of reciprocals.
48.10.055 - Real property—Attorney's duty.
48.10.070 - Surplus funds required.
48.10.090 - Organization of reciprocal.
48.10.100 - Policies of original subscribers, effective when.
48.10.110 - Certificate of authority.
48.10.120 - Power of attorney.
48.10.130 - Modification of subscriber's agreement or power of attorney.
48.10.150 - Deposit in lieu of bond.
48.10.170 - Service of legal process.
48.10.190 - Attorney's contribution—Repayment.
48.10.200 - Determination of financial condition.
48.10.220 - Who may become subscriber.
48.10.230 - Subscribers' advisory committee.
48.10.250 - Assessment liability of subscriber.
48.10.260 - Action against subscriber requires judgment against insurer.
48.10.280 - Time limit for assessment.
48.10.290 - Aggregate liability.
48.10.300 - Nonassessable policies.
48.10.310 - Return of savings to subscribers.
48.10.320 - Distribution of assets upon liquidation.