Washington § 48.09.290 - Revocation of right to issue nonassessable policies.

Full text of Washington Revised Code of Washington § 48.09.290 — Revocation of right to issue nonassessable policies., with citation guidance and answers to common questions.

§ 48.09.290. Revocation of right to issue nonassessable policies.

(1) The commissioner shall revoke the authority of a domestic mutual insurer so to extinguish the contingent liability of its members if
(a) at any time the insurer's assets are less than the sum of its liabilities and the surplus required for such authority, or
(b) the insurer, by resolution of its directors approved by its members, requests that the authority be revoked.
(2) Upon revocation of such authority for any cause, the insurer shall not thereafter issue any policies without contingent liability, nor renew any policies then in force without written endorsement thereon providing for contingent liability.
[1947 c 79 s .09.29; Rem. Supp. 1947 s 45.09.29.]

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

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Frequently Asked Questions About Washington § 48.09.290

What does Revised Code of Washington § 48.09.290 cover?

Section 48.09.290 ("Revocation of right to issue nonassessable policies.") 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 § 48.09.290?

A common citation format is "Revised Code of Washington § 48.09.290" (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 § 48.09.290 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.