Washington § 48.05.470 - Regulation of capital and surplus requirements is supplemental — Commissioner may grant exemptions.

Full text of Washington Revised Code of Washington § 48.05.470 — Regulation of capital and surplus requirements is supplemental — Commissioner may grant exemptions., with citation guidance and answers to common questions.

§ 48.05.470. Regulation of capital and surplus requirements is supplemental — Commissioner may grant exemptions.

(1) The provisions of RCW 48.05.430 through * 48.05.490 are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the commissioner under those laws, including, but not limited to, chapter 48.31 RCW.
(2) The commissioner may exempt any domestic property and casualty insurer from RCW 48.05.430 through * 48.05.490, if the insurer:
(a) Writes direct business only in this state;
(b) Writes direct annual premiums of two million dollars or less; and
(c) Assumes no reinsurance in excess of five percent of direct premiums written.
[ 1995 c 83 s 9.]

Notes

*Reviser's note: RCW 48.05.490 was repealed by 2006 c 25 s 11.

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

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Frequently Asked Questions About Washington § 48.05.470

What does Revised Code of Washington § 48.05.470 cover?

Section 48.05.470 ("Regulation of capital and surplus requirements is supplemental — Commissioner may grant exemptions.") 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 § 48.05.470?

A common citation format is "Revised Code of Washington § 48.05.470" (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 § 48.05.470 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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