Revised Code of Washington
Chapter 48.31B - Insurer Holding Company Act.
48.31B.065 - Violations of chapter—Contrary to interests of policyholders or the public—Suspension, revocation, or nonrenewal of license.

RCW 48.31B.065
Violations of chapter—Contrary to interests of policyholders or the public—Suspension, revocation, or nonrenewal of license.

Whenever it appears to the commissioner that a person has committed a violation of this chapter that makes the continued operation of an insurer contrary to the interests of policyholders or the public, the commissioner may, after giving notice and an opportunity to be heard, determine to suspend, revoke, or refuse to renew the insurer's license or authority to do business in this state for such period as he or she finds is required for the protection of policyholders or the public. Such a determination must be accompanied by specific findings of fact and conclusions of law.

[ 1993 c 462 § 14.]

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Structure Revised Code of Washington

Revised Code of Washington

Title 48 - Insurance

Chapter 48.31B - Insurer Holding Company Act.

48.31B.005 - Definitions.

48.31B.010 - Domestic insurer may acquire subsidiaries—Authorized investments—Insurer ceases to control subsidiary—Disposal of investment.

48.31B.015 - Control of insurer—Acquisition, merger, or exchange—Preacquisition notification—Divestment of controlling interest—Jurisdiction of courts.

48.31B.020 - Acquisition of insurer—Change in control—Definitions—Exemptions—Competition—Preacquisition notification—Violations—Penalties.

48.31B.025 - Registration with commissioner—Information required—Rule making—Disclaimer of affiliation—Annual enterprise risk report—Failure to file.

48.31B.030 - Insurer subject to registration—Standards for transactions within a holding company system—Extraordinary dividends or distributions—Insurer's surplus—Officers and directors.