Washington § 48.05.080 - Foreign insurers — Deposit.

Full text of Washington Revised Code of Washington § 48.05.080 — Foreign insurers — Deposit., with citation guidance and answers to common questions.

§ 48.05.080. Foreign insurers — Deposit.

(1) Prior to the issuance of a certificate of authority to a foreign insurer, it shall make a deposit of assets with the commissioner for the protection of all its policyholders, or of all of its policyholders and obligees or its policyholders and obligees within the United States, in amount and kind, subject to RCW 48.14.040, the same as is required of a like domestic insurer transacting like kinds of insurance.
(2) In lieu of such deposit or part thereof the commissioner may accept the certificate of the public official having supervision over insurers in any other state to the effect that a like deposit by such insurer or like part thereof in equal or greater amount is held in public custody in such state.
[ 1955 c 86 s 1; 1947 c 79 s .05.08; Rem. Supp. 1947 s 45.05.08.]

Notes

Effective date—1955 c 86: "This act shall become effective on January 1, 1956." [ 1955 c 86 s 18.]
Supervision of transfers—1955 c 86: "All transfers authorized under this act shall be made under the supervision of the state auditor." [ 1955 c 86 s 19.]

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Frequently Asked Questions About Washington § 48.05.080

What does Revised Code of Washington § 48.05.080 cover?

Section 48.05.080 ("Foreign insurers — Deposit.") 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 § 48.05.080?

A common citation format is "Revised Code of Washington § 48.05.080" (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 § 48.05.080 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.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.