RCW 48.190.080
Designation of treasurer—Interest and earnings.
(1) A joint self-insurance program may by resolution of the program designate a person having experience with investments or financial matters as treasurer of the program. The program must require a bond obtained from a surety company in an amount and under the terms and conditions that the program finds will protect against loss arising from mismanagement or malfeasance in investing and managing program funds. The program may pay the premium on the bond.
(2) All interest and earnings collected on joint self-insurance program funds belong to the program and must be deposited to the program's credit in the proper program account.
[ 2017 c 221 § 9.]
Structure Revised Code of Washington
Chapter 48.190 - Public Benefit Hospital Entities—Joint Self-Insurance Programs.
48.190.020 - Formation—Powers—Service of process.
48.190.030 - Applicability of chapter.
48.190.040 - State risk manager—Rules.
48.190.050 - State risk manager—Approval of program creation—Required submissions.
48.190.070 - Participation with entities from other states.
48.190.080 - Designation of treasurer—Interest and earnings.
48.190.090 - Receiving or soliciting anything of value—Inducement.