RCW 48.31.290
Offsets.
(1) In all cases of mutual debts or mutual credits between the insurer and another person in connection with any action or proceeding under this chapter, such credits and debts shall be set off and the balance only shall be allowed or paid, except as provided in subsection (2) of this section.
(2) No offset shall be allowed in favor of any such person where (a) the obligation of the insurer to such person would not at the date of the entry of any liquidation order, or otherwise, as provided in RCW 48.31.260, entitle him or her to share as a claimant in the assets of the insurer, or (b) the obligation of the insurer to such person was purchased by or transferred to such person with a view of its being used as an offset, or (c) the obligation of such person is to pay an assessment levied against the members of a mutual insurer, or against the subscribers of a reciprocal insurer, or is to pay a balance upon a subscription to the capital stock of a stock insurer.
[ 2009 c 549 § 7133; 1947 c 79 § .31.29; Rem. Supp. 1947 § 45.31.29.]
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.