Washington § 48.07.080 - Guarantee of officers' obligations prohibited.

Full text of Washington Revised Code of Washington § 48.07.080 — Guarantee of officers' obligations prohibited., with citation guidance and answers to common questions.

§ 48.07.080. Guarantee of officers' obligations prohibited.

No domestic insurer or its affiliates or subsidiaries shall guarantee the financial obligation of any director or officer of such insurer or affiliate or subsidiary in his or her personal capacity, and any such guaranty attempted shall be void.
This prohibition shall not apply to obligations of the insurer under surety bonds or insurance contracts issued in the regular course of business.
[ 2009 c 549 s 7026; 1947 c 79 s .07.08; Rem. Supp. 1947 s 45.07.08.]

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

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Frequently Asked Questions About Washington § 48.07.080

What does Revised Code of Washington § 48.07.080 cover?

Section 48.07.080 ("Guarantee of officers' obligations prohibited.") 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 § 48.07.080?

A common citation format is "Revised Code of Washington § 48.07.080" (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 § 48.07.080 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.