Washington § 48.44.550 - Material nonrenewals, cancellations, or revisions of ceded reinsurance agreements.

Full text of Washington Revised Code of Washington § 48.44.550 — Material nonrenewals, cancellations, or revisions of ceded reinsurance agreements., with citation guidance and answers to common questions.

§ 48.44.550. Material nonrenewals, cancellations, or revisions of ceded reinsurance agreements.

(1) No nonrenewals, cancellations, or revisions of ceded reinsurance agreements need be reported under RCW 48.44.530 if the nonrenewals, cancellations, or revisions are not material. For purposes of RCW 48.44.530 through 48.44.555, a material nonrenewal, cancellation, or revision is one that affects:
(a) More than fifty percent of a health care service contractor's total reserve credit taken for business ceded, on an annualized basis, as indicated in the health care service contractor's most recent annual statement;
(b) More than ten percent of a health care service contractor's total cession when it is replaced by one or more unauthorized reinsurers; or
(c) Previously established collateral requirements, when they have been reduced or waived as respects one or more unauthorized reinsurers representing collectively more than ten percent of a total cession.
(2) However, a filing is not required if a health care service contractor's total reserve credit taken for business ceded represents, on an annualized basis, less than ten percent of the statutory reserve requirement prior to any cession.
[ 1995 c 86 s 17.]

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

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Frequently Asked Questions About Washington § 48.44.550

What does Revised Code of Washington § 48.44.550 cover?

Section 48.44.550 ("Material nonrenewals, cancellations, or revisions of ceded reinsurance agreements.") 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 § 48.44.550?

A common citation format is "Revised Code of Washington § 48.44.550" (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 § 48.44.550 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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