Washington § 48.35.120 - Trusteed assets — Examination — Commissioner's approval of assignment or transfer.

Full text of Washington Revised Code of Washington § 48.35.120 — Trusteed assets — Examination — Commissioner's approval of assignment or transfer., with citation guidance and answers to common questions.

§ 48.35.120. Trusteed assets — Examination — Commissioner's approval of assignment or transfer.

(1) The commissioner may examine trusteed assets of any insurer at any time in accordance with the same conditions and procedures governing the examination of insurers provided in chapter 48.03 RCW.
(2) The depositing insurer shall not assign or transfer, voluntarily, involuntarily, or by operation of law, all or a part of its interest in the trusteed assets without the prior written approval of the commissioner, and a transfer or assignment occurring without approval is void. The assignee or transferee of the trusteed assets shall irrevocably and automatically assume all of the obligations and liabilities of the assignor or transferor.
[ 1991 c 268 s 12.]

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

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Frequently Asked Questions About Washington § 48.35.120

What does Revised Code of Washington § 48.35.120 cover?

Section 48.35.120 ("Trusteed assets — Examination — Commissioner's approval of assignment or transfer.") 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 § 48.35.120?

A common citation format is "Revised Code of Washington § 48.35.120" (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 § 48.35.120 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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