RCW 48.155.030
Minimum net worth.
(1) Except under subsection (3) of this section, before the commissioner issues a license to any person required to obtain a license under RCW 48.155.020, the person seeking to operate a discount plan organization must have a net worth of at least one hundred fifty thousand dollars.
(2) At all times, except under subsection (3) of this section, each discount plan organization must maintain a net worth of at least one hundred fifty thousand dollars.
(3) By rule of the commissioner, the amounts in subsections (1) and (2) of this section may be adjusted annually for inflation.
[ 2009 c 175 § 6.]
Structure Revised Code of Washington
Chapter 48.155 - Health Care Discount Plan Organization Act.
48.155.015 - Application of chapter.
48.155.020 - License required—Application—Review—Annual renewal—Required disclosures.
48.155.030 - Minimum net worth.
48.155.040 - Surety bond—Deposit in lieu of bond.
48.155.050 - Investigations by commissioner—Organization must maintain detailed books and records.
48.155.060 - Charges and fees—When writing is required—Cancellation.
48.155.070 - Written health care provider agreements required—Terms—Internet website.
48.155.080 - Marketing products—Directly to consumers—By contract with marketers.
48.155.090 - Communications with regulators and consumers—Restrictions—Required general disclosures.
48.155.100 - Organization changes require notice to commissioner.
48.155.110 - Annual report required—Fee—Contents—Failure to file.
48.155.120 - Designation of compliance officer.
48.155.140 - Temporary and permanent injunctive relief—When authorized.