Washington § 48.46.270 - Financial interests of health maintenance organization authorities, restricted — Exceptions, regulations.

Full text of Washington Revised Code of Washington § 48.46.270 — Financial interests of health maintenance organization authorities, restricted — Exceptions, regulations., with citation guidance and answers to common questions.

§ 48.46.270. Financial interests of health maintenance organization authorities, restricted — Exceptions, regulations.

(1) No person having any authority in the investment or disposition of the funds of a health maintenance organization and no officer or director of a health maintenance organization shall accept, except for the health maintenance organization, or be the beneficiary of any fee, brokerage, gift, commission, or other emolument because of any sale of health care service agreements or any investment, loan, deposit, purchase, sale, payment, or exchange made by or for the health maintenance organization, or be pecuniarily interested therein in any capacity; except, that such a person may procure a loan from the health maintenance organization directly upon approval by two-thirds of its directors and upon the pledge of securities eligible for the investment of the health maintenance organization's funds under this title.
(2) The commissioner may, by regulations, from time to time, define and permit additional exceptions to the prohibition contained in subsection (1) of this section solely to enable payment of reasonable compensation to a director who is not otherwise an officer or employee of the health maintenance organization, or to a corporation or firm in which the director is interested, for necessary services performed or sales or purchases made to or for the health maintenance organization in the ordinary course of the health maintenance organization's business and in the usual private professional or business capacity of the director or the corporation or firm.
[ 1985 c 320 s 5; 1983 c 202 s 14.]

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

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Frequently Asked Questions About Washington § 48.46.270

What does Revised Code of Washington § 48.46.270 cover?

Section 48.46.270 ("Financial interests of health maintenance organization authorities, restricted — Exceptions, regulations.") 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 § 48.46.270?

A common citation format is "Revised Code of Washington § 48.46.270" (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.

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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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