RCW 48.35.190
Domestication agreement—Commissioner's approval of corporate proceedings.
An executed counterpart of the domestication agreement, together with certified copies of the corporate proceedings of the domestic insurer and the alien insurer, approving, adopting, and authorizing the execution of the domestication agreement, shall be submitted to the commissioner for approval. The commissioner shall thereupon consider the agreement, and, if the commissioner finds that the same is in accordance with the provisions hereof and that the interests of the policyholders of the United States branch of the alien insurer and of the domestic insurer are not materially adversely affected, the commissioner shall approve the domestication agreement and authorize the consummation thereof.
[ 1991 c 268 § 19.]
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.