Revised Code of Washington
Chapter 48.31 - Mergers, Rehabilitation, Liquidation, Supervision.
48.31.260 - Liquidation—Date rights, liabilities fixed.

RCW 48.31.260
Liquidation—Date rights, liabilities fixed.

The rights and liabilities of the insurer and of its creditors, policyholders, stockholders, members, subscribers, and all other persons interested in its estate shall, unless otherwise directed by the court, be fixed as of the date on which the order directing the liquidation of the insurer is filed in the office of the clerk of the court which made the order, subject to the provisions of RCW 48.31.300 with respect to the rights of claimants holding contingent claims and RCW 48.31.280 with respect to the priority and order of distributions of claims.

[ 2001 c 40 § 2; 1947 c 79 § .31.26; Rem. Supp. 1947 § 45.31.26.]
NOTES:

Application—Severability—2001 c 40: See notes following RCW 48.31.280.

Structure Revised Code of Washington

Revised Code of Washington

Title 48 - Insurance

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.

48.31.025 - Confidentiality of documents, materials, or other information—Commissioner's capacity as a receiver.

48.31.030 - Rehabilitation—Grounds.

48.31.040 - Rehabilitation—Order—Termination.

48.31.045 - Rehabilitation order against insurer—Insurer is party to action or proceeding—Stay the action—Statute of limitations or defense of laches.

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.

48.31.121 - Court order for a formal delinquency proceeding—Commissioner may petition—Insurer may petition for hearing and review.

48.31.125 - Order of liquidation—Termination of coverage.

48.31.131 - Appointment of liquidator—Actions at law or equity—Statute of limitations or defense of laches.

48.31.135 - Recovery from reinsurers—Not reduced by delinquency proceedings—Direct payment to insured.

48.31.141 - Responsibility for payment of a premium—Earned or unearned premium—Violations—Penalties—Rights of party aggrieved.

48.31.145 - Liquidator denies claim—Written notice—Objections of claimant—Court hearing.

48.31.151 - Creditor's claim against insurer is secured by other person—Subrogated rights—Agreements concerning distributions.

48.31.155 - Unclaimed funds—Liquidator's application for discharge—Deposits with the department of revenue.

48.31.161 - After termination of liquidation proceeding—Good cause to reopen proceedings.

48.31.165 - Domiciliary receiver not appointed—Court order to liquidate—Notice—Domiciliary receiver appointed in other state.

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.

48.31.181 - Liquidation proceedings—One or more reciprocal states—Distributions—Special deposit claims—Secured claims.

48.31.184 - Ancillary receiver in another state or foreign country—Failure to transfer assets.

48.31.185 - Receiver's proposal to disperse assets upon liquidation—Application for approval—Contents of proposal—Notice of application.

48.31.190 - Commencement of proceeding—Venue—Effect of appellate review.

48.31.200 - Injunctions.

48.31.210 - Change of venue.

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.

48.31.290 - Offsets.

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.

48.31.435 - Administrative supervision—Rules.