Washington § 48.05.040 - Certificate of authority — Qualifications.

Full text of Washington Revised Code of Washington § 48.05.040 — Certificate of authority — Qualifications., with citation guidance and answers to common questions.

§ 48.05.040. Certificate of authority — Qualifications.

To qualify for and hold a certificate of authority an insurer must:
(1) Be a stock, mutual, or reciprocal insurer of the same general type as may be formed as a domestic insurer under the provisions of chapter 48.06 RCW of this code, but this requirement shall not apply as to domestic mutual property insurers which, as of January 1, 1957, were lawfully transacting insurance on the assessment plan; and
(2) Have capital funds as required by this code, based upon the type and domicile of the insurer and the kinds of insurance proposed to be transacted; and
(3) Transact or propose to transact in this state insurances authorized by its charter, and only such insurance as meets the standards and requirements of this code; and
(4) Fully comply with, and qualify according to, the other provisions of this code.
[ 1957 c 193 s 1; 1947 c 79 s .05.04; Rem. Supp. 1947 s 45.05.04.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 48.05.040

What does Revised Code of Washington § 48.05.040 cover?

Section 48.05.040 ("Certificate of authority — Qualifications.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 48.05.040?

A common citation format is "Revised Code of Washington § 48.05.040" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 48.05.040 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

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