Washington § 48.46.027 - Registration, required — Issuance of securities — Penalty.

Full text of Washington Revised Code of Washington § 48.46.027 — Registration, required — Issuance of securities — Penalty., with citation guidance and answers to common questions.

§ 48.46.027. Registration, required — Issuance of securities — Penalty.

(1) A person may not in this state, by mail or otherwise, act as or hold himself or herself out to be a health maintenance organization as defined in RCW 48.46.020 without first being registered with the commissioner.
(2) The issuance, sale, or offer for sale in this state of securities of its own issue by any health maintenance organization domiciled in this state other than the memberships and bonds of a nonprofit corporation is subject to the provisions of chapter 48.06 RCW relating to obtaining solicitation permits the same as if health maintenance organizations were domestic insurers.
(3) Any person violating any provision of subsection (2) of this section is guilty of a gross misdemeanor and will, upon conviction, be fined not more than one thousand dollars, or imprisoned for not more than six months, or both, for each violation.
[ 2003 c 250 s 10; 1983 c 202 s 9.]

Notes

Severability—2003 c 250: See note following RCW 48.01.080.

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

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Frequently Asked Questions About Washington § 48.46.027

What does Revised Code of Washington § 48.46.027 cover?

Section 48.46.027 ("Registration, required — Issuance of securities — Penalty.") 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 § 48.46.027?

A common citation format is "Revised Code of Washington § 48.46.027" (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 § 48.46.027 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.

Sources & Verification

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