RCW 48.31.060
Liquidation—Order.
(1) An order to liquidate the business of a domestic insurer shall direct the commissioner forthwith to take possession of the property of the insurer, to liquidate its business, to deal with the insurer's property and business in his or her own name as commissioner or in the name of the insurer as the court may direct, to give notice to all creditors who may have claims against the insurer to present such claims.
(2) The commissioner may apply under this chapter for an order dissolving the corporate existence of a domestic insurer:
(a) Upon his or her application for an order of liquidation of such insurer, or at any time after such order has been granted; or
(b) Upon the grounds specified in item (3) of RCW 48.31.050, regardless of whether an order of liquidation is sought or has been obtained.
[ 2009 c 549 § 7124; 1947 c 79 § .31.06; Rem. Supp. 1947 § 45.31.06.]
Structure Revised Code of Washington
Chapter 48.31 - Mergers, Rehabilitation, Liquidation, Supervision.
48.31.010 - Merger or consolidation.
48.31.020 - Definitions—Insurer, exceeded its powers, consent.
48.31.021 - Insurer—Self-funded multiple employer welfare arrangement.
48.31.030 - Rehabilitation—Grounds.
48.31.040 - Rehabilitation—Order—Termination.
48.31.050 - Liquidation—Grounds.
48.31.060 - Liquidation—Order.
48.31.070 - Liquidation—Alien insurers.
48.31.080 - Conservation of assets—Foreign insurers.
48.31.090 - Conservation of assets—Alien insurers.
48.31.100 - Foreign or alien insurers—Conservation, ancillary proceedings.
48.31.105 - Conduct of proceedings—Requirement to cooperate—Definitions—Violations—Penalties.
48.31.111 - Commencement of delinquency proceeding by commissioner—Jurisdiction of courts.
48.31.115 - Immunity from suit and liability—Persons entitled to protection.
48.31.125 - Order of liquidation—Termination of coverage.
48.31.145 - Liquidator denies claim—Written notice—Objections of claimant—Court hearing.
48.31.161 - After termination of liquidation proceeding—Good cause to reopen proceedings.
48.31.171 - Domiciliary liquidator—Reciprocal state—Nonreciprocal state—Commissioner's duties.
48.31.175 - Foreign or alien insurer—Property located in this state—Commissioner's discretion.
48.31.184 - Ancillary receiver in another state or foreign country—Failure to transfer assets.
48.31.190 - Commencement of proceeding—Venue—Effect of appellate review.
48.31.220 - Deposit of moneys collected.
48.31.230 - Exemption from filing fees.
48.31.240 - Borrowing on pledge of assets.
48.31.260 - Liquidation—Date rights, liabilities fixed.
48.31.270 - Voidable transfers.
48.31.280 - Priority and order of distribution of claims.
48.31.300 - Allowance of contingent and other claims.
48.31.310 - Time to file claims.
48.31.320 - Report for assessment.
48.31.330 - Levy of assessment.
48.31.340 - Order for payment of assessment.
48.31.350 - Publication, transmittal of assessment order.
48.31.360 - Judgment upon the assessment.
48.31.400 - Administrative supervision—Conditions—Notice and hearing.
48.31.405 - Administrative supervision—Confidentiality.
48.31.410 - Administrative supervision—Standards and procedures—Limitations on insurer.
48.31.415 - Administrative supervision—Insurer may contest.
48.31.420 - Administrative supervision—No limitation on judicial proceedings.
48.31.425 - Administrative supervision—Commissioner contacts.
48.31.430 - Administrative supervision—Chapters 48.04 and 34.05 RCW.