Washington § 48.92.050 - Insolvency guaranty fund, participation prohibited — Joint underwriting associations, participation required.

Full text of Washington Revised Code of Washington § 48.92.050 — Insolvency guaranty fund, participation prohibited — Joint underwriting associations, participation required., with citation guidance and answers to common questions.

§ 48.92.050. Insolvency guaranty fund, participation prohibited — Joint underwriting associations, participation required.

(1) No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds or claimants against its insureds, receive any benefit from any such fund for claims arising under the insurance policies issued by a risk retention group.
(2) A risk retention group shall participate in this state's joint underwriting associations and mandatory liability pools or plans required by the commissioners.
(3) When a purchasing group obtains insurance covering its members' risks from an insurer not authorized in this state or a risk retention group, no such risks, wherever resident or located, are covered by an insurance guaranty fund or similar mechanism in this state.
(4) When a purchasing group obtains insurance covering its members' risks from an authorized insurer, only risks resident or located in this state are covered by the state guaranty fund established in chapter 48.32 RCW.
[ 1993 c 462 s 95; 1987 c 306 s 5.]

Notes

Severability—Implementation—1993 c 462: See RCW 48.31B.901 and 48.31B.902.

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

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Frequently Asked Questions About Washington § 48.92.050

What does Revised Code of Washington § 48.92.050 cover?

Section 48.92.050 ("Insolvency guaranty fund, participation prohibited — Joint underwriting associations, participation required.") 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 § 48.92.050?

A common citation format is "Revised Code of Washington § 48.92.050" (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 § 48.92.050 apply to my situation?

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