Washington § 48.13.171 - Rule making — Special investment restrictions.

Full text of Washington Revised Code of Washington § 48.13.171 — Rule making — Special investment restrictions., with citation guidance and answers to common questions.

§ 48.13.171. Rule making — Special investment restrictions.

(1) The commissioner may, in accordance with chapter 34.05 RCW, adopt rules interpreting and implementing the provisions of this chapter.
(2) The commissioner may, in accordance with chapter 34.05 RCW, adopt special investment restrictions as follows:
(a) The commissioner may by rule prescribe for defined classes of insurers special procedural requirements including special reports, prior approval, or subsequent disapproval of investments.
(b) The commissioner may by rule prescribe substantive restrictions on investments of defined classes of insurers, including:
(i) Specification of classes of assets that may not be counted toward satisfaction of the minimum asset requirement even though they may be counted for unrestricted insurers;
(ii) Specification of maximum amounts of assets that may be invested in a single investment, or an issue, a class or a group of classes of investments, expressed as percentages of total assets, capital, surplus, legal reserves, or other variables;
(iii) Prescription of qualitative tests for investments and conditions under which investments may be made, including requirements of specified ratings from investment advisory services, listing on specified stock exchanges, collateral, marketability, currency matching, and the financial and legal status of the issuer and its earnings capacity.
(3) If the commissioner is satisfied by evidence of the financial stability of an insurer and the competence of management and its investment advisors, the commissioner, after a hearing, may by order grant an exemption to that insurer from any restriction under subsection (2) of this section to the extent that the commissioner is satisfied that the interests of insureds, creditors, and the general public of this state are protected in other ways.
[ 2011 c 188 s 18.]

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

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Frequently Asked Questions About Washington § 48.13.171

What does Revised Code of Washington § 48.13.171 cover?

Section 48.13.171 ("Rule making — Special investment restrictions.") 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 § 48.13.171?

A common citation format is "Revised Code of Washington § 48.13.171" (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 § 48.13.171 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.

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