RCW 48.32A.015
Purpose.
(1) The purpose of this chapter is to protect, subject to certain limitations, the persons specified in RCW 48.32A.025(1) against failure in the performance of contractual obligations, under life insurance, disability insurance, health benefit plans, and certificates of coverage, and annuity policies, plans, or contracts specified in RCW 48.32A.025(2), because of the impairment or insolvency of the member insurer that issued the policies, plans, or contracts.
(2) To provide this protection, an association of member insurers is created to pay benefits and to continue coverages as limited by this chapter, and members of the association are subject to assessment to provide funds to carry out the purpose of this chapter.
[ 2022 c 151 § 1; 2001 c 50 § 2.]
Structure Revised Code of Washington
Chapter 48.32A - Washington Life and Disability Insurance Guaranty Association Act.
48.32A.025 - Coverage and limitations.
48.32A.055 - Creation of the association.
48.32A.065 - Board of directors.
48.32A.075 - Powers and duties of the association.
48.32A.095 - Plan of operation.
48.32A.105 - Duties and powers of the commissioner.
48.32A.115 - Prevention of insolvencies.
48.32A.125 - Credits for assessments paid—Tax offsets.
48.32A.135 - Miscellaneous provisions.
48.32A.145 - Examination of the association—Annual report.
48.32A.175 - Stay of proceedings—Reopening default judgments.