Washington § 48.16.100 - Release of deposits — Generally.

Full text of Washington Revised Code of Washington § 48.16.100 — Release of deposits — Generally., with citation guidance and answers to common questions.

§ 48.16.100. Release of deposits — Generally.

(1) Any such required deposit shall be released in these instances only:
(a) Upon extinguishment of all liabilities of the insurer for the security of which the deposit is held, by reinsurance contract or otherwise.
(b) If any such deposit or portion thereof is no longer required under this code.
(c) If the deposit has been made pursuant to the retaliatory provision, RCW 48.14.040, it shall be released in whole or in part when no longer so required.
(d) Upon proper order of a court of competent jurisdiction the deposit shall be released to the receiver, conservator, rehabilitator, or liquidator of the insurer for whose account the deposit is held.
(2) No such release shall be made except on application to and written order of the commissioner made upon proof satisfactory to him or her of the existence of one of such grounds therefor. The commissioner shall have no personal liability for any such release of any deposit or part thereof so made by him or her in good faith.
(3) All releases of deposits or any part thereof shall be made to the person then entitled thereto upon proof of title satisfactory to the commissioner.
(4) Deposits held on account of title insurers are subject further to the provisions of chapter 48.29 RCW.
[ 2009 c 549 s 7062; 1947 c 79 s .16.10; Rem. Supp. 1947 s 45.16.10.]

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

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Frequently Asked Questions About Washington § 48.16.100

What does Revised Code of Washington § 48.16.100 cover?

Section 48.16.100 ("Release of deposits — Generally.") 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 § 48.16.100?

A common citation format is "Revised Code of Washington § 48.16.100" (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 § 48.16.100 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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