Washington § 48.13.470 - Safeguarding securities — Broker executing a trade — Time limits.

Full text of Washington Revised Code of Washington § 48.13.470 — Safeguarding securities — Broker executing a trade — Time limits., with citation guidance and answers to common questions.

§ 48.13.470. Safeguarding securities — Broker executing a trade — Time limits.

(1) A broker executing a securities trade pursuant to an order from a domestic insurance company shall send confirmation to the domestic insurance company or the clearing corporation confirming the order has been executed within twenty-four hours after order completion.
(2) A broker may not hold in its own account for longer than seventy-two hours any securities bought or sold pursuant to an order from a domestic insurance company.
[ 2000 c 221 s 5.]

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

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Frequently Asked Questions About Washington § 48.13.470

What does Revised Code of Washington § 48.13.470 cover?

Section 48.13.470 ("Safeguarding securities — Broker executing a trade — Time limits.") 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 § 48.13.470?

A common citation format is "Revised Code of Washington § 48.13.470" (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 § 48.13.470 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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