RCW 48.35.030
Deposit required—Duration.
The deposit required by this chapter must be for the benefit, security, and protection of the policyholders or creditors, or both, of the insurer in the United States. It shall be maintained as long as there is outstanding any liability of the insurer arising out of its insurance transactions in the United States.
[ 1991 c 268 § 4.]
Structure Revised Code of Washington
Chapter 48.35 - Alien Insurers.
48.35.010 - Application—Definition.
48.35.020 - Deposit required—Amount.
48.35.030 - Deposit required—Duration.
48.35.040 - Trusts created before May 17, 1991.
48.35.050 - Alien insurer—State authorization required.
48.35.060 - Trusteed assets—Creation—Commissioner's approval of trust agreement.
48.35.070 - Trust agreement—Amendment.
48.35.080 - Trust agreement—Withdrawal of commissioner's approval.
48.35.090 - Trust agreement—Vesting of trusteed assets.
48.35.100 - Trusteed assets—Trustee's records.
48.35.110 - Trusteed assets—Trustee's statements—Commissioner's approval.
48.35.120 - Trusteed assets—Examination—Commissioner's approval of assignment or transfer.
48.35.130 - Trusteed assets—Commissioner's approval of withdrawals.
48.35.140 - Trusteed assets—Substitution of trustee.
48.35.150 - Trusteed assets—Compensation and expenses of trustees.
48.35.160 - United States manager—Mexican or Canadian insurers.
48.35.170 - Domestication of alien insurer—Commissioner's approval.
48.35.180 - Domestication agreement—Necessary authorization.
48.35.190 - Domestication agreement—Commissioner's approval of corporate proceedings.
48.35.200 - Domestication—When effective—Deposits—Transfer of assets.