Revised Code of Washington
Chapter 48.13 - Investments.
48.13.490 - Safeguarding securities—Rules.

RCW 48.13.490
Safeguarding securities—Rules.

The commissioner may adopt rules governing the deposit by insurance companies of securities with clearing corporations, including establishing standards for national banks, state banks, trust companies, and brokers/dealers to qualify as custodians for insurance company securities.

[ 2008 c 234 § 6; 2000 c 221 § 7.]

Structure Revised Code of Washington

Revised Code of Washington

Title 48 - Insurance

Chapter 48.13 - Investments.

48.13.005 - Purpose—Application.

48.13.009 - Definitions.

48.13.021 - Minimum financial security benchmark—Determination of amount.

48.13.031 - Investment of funds—Board of directors—Judgment and care—Internal controls and procedures.

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.

48.13.475 - Safeguarding securities—Maintenance with a custodian—Commissioner may order transfer—Challenge to order—Standing at hearing or for judicial review.

48.13.480 - Safeguarding securities—Insurance company's securities—Written agreement with custodian—Required terms.

48.13.490 - Safeguarding securities—Rules.

48.13.900 - Effective date—2011 c 188.