Washington § 48.13.051 - Written investment policy required — Annual review — Contents.

Full text of Washington Revised Code of Washington § 48.13.051 — Written investment policy required — Annual review — Contents., with citation guidance and answers to common questions.

§ 48.13.051. Written investment policy required — Annual review — Contents.

In acquiring, investing, exchanging, holding, selling, and managing investments, an insurer shall establish and follow a written investment policy that shall be reviewed and approved by the insurer's board of directors at least annually. The content and format of an insurer's investment policy are at the insurer's discretion, but shall include written guidelines appropriate to the insurer's business as to the following:
(1) The delegation and monitoring of policies, procedures, and controls covering all aspects of the investing function;
(2) Quantified goals and objectives regarding the composition of classes of investments, including maximum internal limits;
(3) Periodic evaluation of the investment portfolio as to its risk and reward characteristics. This subsection shall not preclude an insurer from the use of modern portfolio theory to manage its investments;
(4) Professional standards for the individuals making day-to-day investment decisions to assure that investments are managed in an ethical and capable manner;
(5) The types of investments to be made and those to be avoided, based on their risk and reward characteristics and the insurer's level of experience with the investments;
(6) The relationship of classes of investments to the insurer's insurance products and liabilities;
(7) The manner in which the insurer intends to implement RCW 48.13.041; and
(8) The level of risk, based on quantitative measures, appropriate for the insurer given the level of capitalization and expertise available to the insurer.
[ 2011 c 188 s 6.]

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

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Frequently Asked Questions About Washington § 48.13.051

What does Revised Code of Washington § 48.13.051 cover?

Section 48.13.051 ("Written investment policy required — Annual review — Contents.") 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 § 48.13.051?

A common citation format is "Revised Code of Washington § 48.13.051" (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 § 48.13.051 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.