Washington § 48.13.081 - Investments in securities of different currencies.

Full text of Washington Revised Code of Washington § 48.13.081 — Investments in securities of different currencies., with citation guidance and answers to common questions.

§ 48.13.081. Investments in securities of different currencies.

An insurer doing business that requires it to make payment in different currencies shall have investments in securities in each of these currencies in an amount that independently of all other investments meets the requirements of this chapter as applied separately to the insurer's obligations in each currency. The commissioner may by order exempt an insurer, or by rule a class of insurers, from this requirement if the obligations in other currencies are small enough that no significant problem for financial stability would be created by substantial fluctuations in relative currency values.
[ 2011 c 188 s 9.]

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

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Frequently Asked Questions About Washington § 48.13.081

What does Revised Code of Washington § 48.13.081 cover?

Section 48.13.081 ("Investments in securities of different currencies.") 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 § 48.13.081?

A common citation format is "Revised Code of Washington § 48.13.081" (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 § 48.13.081 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.