Washington § 48.35.060 - Trusteed assets — Creation — Commissioner's approval of trust agreement.

Full text of Washington Revised Code of Washington § 48.35.060 — Trusteed assets — Creation — Commissioner's approval of trust agreement., with citation guidance and answers to common questions.

§ 48.35.060. Trusteed assets — Creation — Commissioner's approval of trust agreement.

(1) The alien insurer shall create the trusteed assets required by this chapter under a written trust agreement between the insurer and the trustee, consistent with the provisions of this chapter, and in such form and manner as the commissioner may designate or approve.
(2) The agreement is effective when filed with and approved in writing by the commissioner. The commissioner shall not approve any trust agreement not found to be in compliance with state or federal law or the terms of which do not in fact provide reasonably adequate protection for the insurer's policyholders or creditors, or both, in the United States.
[ 1991 c 268 s 5.]

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

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Frequently Asked Questions About Washington § 48.35.060

What does Revised Code of Washington § 48.35.060 cover?

Section 48.35.060 ("Trusteed assets — Creation — Commissioner's approval of trust agreement.") 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 § 48.35.060?

A common citation format is "Revised Code of Washington § 48.35.060" (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 § 48.35.060 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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