Washington § 48.130.020 - Commission created.

Full text of Washington Revised Code of Washington § 48.130.020 — Commission created., with citation guidance and answers to common questions.

§ 48.130.020. Commission created.

(1) The compacting states hereby create and establish a joint public agency known as the interstate insurance product regulation commission. Under RCW 48.130.030, the commission will have the power to develop uniform standards for product lines, receive and provide prompt review of products filed therewith, and give approval to those product filings satisfying applicable uniform standards. However, it is not intended for the commission to be the exclusive entity for receipt and review of insurance product filings. This section does not prohibit any insurer from filing its product in any state wherein the insurer is licensed to conduct the business of insurance; and any such filing shall be subject to the laws of the state where filed.
(2) The commission is a body corporate and politic, and an instrumentality of the compacting states.
(3) The commission is solely responsible for its liabilities except as otherwise specifically provided in the compact.
(4) Venue is proper and judicial proceedings by or against the commission shall be brought solely and exclusively in a court of competent jurisdiction where the principal office of the commission is located.
[ 2005 c 92 s 3.]

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Frequently Asked Questions About Washington § 48.130.020

What does Revised Code of Washington § 48.130.020 cover?

Section 48.130.020 ("Commission created.") 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 § 48.130.020?

A common citation format is "Revised Code of Washington § 48.130.020" (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.

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