RCW 48.35.170
Domestication of alien insurer—Commissioner's approval.
(1) Upon compliance with this chapter, an alien insurer authorized to do business in this state may, with the prior written approval of the commissioner, domesticate its United States branch by entering into an agreement in writing with a domestic insurer providing for the acquisition by the domestic insurer of all of the assets and the assumption of all of the liabilities of the United States branch.
(2) The acquisition of assets and assumption of liabilities of the United States branch by the domestic insurer is effected by filing with the commissioner an instrument or instruments of transfer and assumption in form satisfactory to the commissioner and executed by the alien insurer and the domestic insurer.
[ 1991 c 268 § 17.]
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.