Washington § 48.05.105 - Foreign or alien insurers — Three years active transacting required — Exception.

Full text of Washington Revised Code of Washington § 48.05.105 — Foreign or alien insurers — Three years active transacting required — Exception., with citation guidance and answers to common questions.

§ 48.05.105. Foreign or alien insurers — Three years active transacting required — Exception.

(1) No certificate of authority shall be granted to a foreign or alien applicant that has not actively transacted for three years the classes of insurance for which it seeks to be admitted.
(2) Subsection (1) of this section does not apply to the following:
(a) Any subsidiary of a seasoned, reputable insurer that has held a certificate of authority in this state for at least three years; or
(b) Any applicant that:
(i) Has surplus of not less than twenty-five million dollars; and
(ii) Has made a deposit with the commissioner in the amount of one million dollars for the sole benefit of the applicant's Washington policyholders.
(3) The commissioner shall release the deposit to an authorized insurer who originally met the requirement in subsection (2)(b)(ii) of this section, in accordance with chapter 48.16 RCW, if:
(a) The certificate of authority was issued at least three years prior to application for release of the deposit; and
(b) The insurer is in good standing with the commissioner.
[ 2010 c 93 s 1; 1967 c 150 s 2.]

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

Related Washington Legal Topics

Frequently Asked Questions About Washington § 48.05.105

What does Revised Code of Washington § 48.05.105 cover?

Section 48.05.105 ("Foreign or alien insurers — Three years active transacting required — Exception.") 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 § 48.05.105?

A common citation format is "Revised Code of Washington § 48.05.105" (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 § 48.05.105 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.