Washington § 48.11.140 - Limitation of single risk.

Full text of Washington Revised Code of Washington § 48.11.140 — Limitation of single risk., with citation guidance and answers to common questions.

§ 48.11.140. Limitation of single risk.

(1) An insurer may not retain any risk on any one subject of insurance, whether located or to be performed in this state or elsewhere, in an amount exceeding ten percent of its surplus to policyholders.
(2) For the purposes of this section, a "subject of insurance" as to insurance against fire includes all properties insured by the same insurer that are reasonably subject to loss or damage from the same fire.
(3) Reinsurance in an alien reinsurer not qualified under *RCW 48.12.166 may not be deducted in determining risk retained for the purposes of this section.
(4) In the case of surety insurance, the net retention shall be computed after deduction of reinsurances, the amount assumed by any co-surety, the value of any security deposited, pledged, or held subject to the consent of the surety and for the protection of the surety.
(5) This section does not apply to life insurance, disability insurance, title insurance, or insurance of marine risks or marine protection and indemnity risks.
[ 2005 c 223 s 4; 1993 c 462 s 53; 1983 c 3 s 149; 1959 c 225 s 2; 1947 c 79 s .11.14; Rem. Supp. 1947 s 45.11.14.]

Notes

*Reviser's note: RCW 48.12.166 was recodified as RCW 48.12.475 pursuant to 2015 c 63 s 17.
Severability—Implementation—1993 c 462: See RCW 48.31B.901 and 48.31B.902.

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

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Frequently Asked Questions About Washington § 48.11.140

What does Revised Code of Washington § 48.11.140 cover?

Section 48.11.140 ("Limitation of single risk.") 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 § 48.11.140?

A common citation format is "Revised Code of Washington § 48.11.140" (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 § 48.11.140 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

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