RCW 48.13.081
Investments in securities of different currencies.
An insurer doing business that requires it to make payment in different currencies shall have investments in securities in each of these currencies in an amount that independently of all other investments meets the requirements of this chapter as applied separately to the insurer's obligations in each currency. The commissioner may by order exempt an insurer, or by rule a class of insurers, from this requirement if the obligations in other currencies are small enough that no significant problem for financial stability would be created by substantial fluctuations in relative currency values.
[ 2011 c 188 § 9.]
Structure Revised Code of Washington
48.13.005 - Purpose—Application.
48.13.021 - Minimum financial security benchmark—Determination of amount.
48.13.041 - Determining whether an investment portfolio or investment policy is prudent.
48.13.051 - Written investment policy required—Annual review—Contents.
48.13.061 - Classes of investments—Description—Rules.
48.13.071 - Limitations on investments—Special rules for certain investments.
48.13.081 - Investments in securities of different currencies.
48.13.091 - Prohibited investments.
48.13.101 - Satisfaction of the minimum asset requirement—When assets may be counted.
48.13.111 - Commissioner's powers—Requirements of persons subject to regulation.
48.13.121 - Commissioner may retain experts—Insurer's expense.
48.13.131 - When investment practices are not in compliance—Commissioner's authority.
48.13.141 - Aggrieved insurer—Request for hearing.
48.13.151 - Confidentiality of investment policy information.
48.13.161 - Chapter prevails over other statutes—Valuation of assets.
48.13.171 - Rule making—Special investment restrictions.
48.13.350 - Written record of investments—Contents.
48.13.360 - Investments of foreign and alien insurers.
48.13.450 - Safeguarding securities—Definitions.
48.13.455 - Safeguarding securities—Deposit in a clearing corporation—Certificates—Records.
48.13.460 - Safeguarding securities—Authorized methods of holding securities.
48.13.465 - Safeguarding securities—Requirement to receive a confirmation.
48.13.470 - Safeguarding securities—Broker executing a trade—Time limits.