There is a newer version of the Revised Code of Washington
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2009 Washington Code
Title 48 - Insurance
Chapter 48.05 - Insurers -- General requirements.
48.05.370 - Fiduciary relationship to insurer of officers, directors or corporation holding controlling interest.

Fiduciary relationship to insurer of officers, directors or corporation holding controlling interest.

Officers and directors of an insurer or a corporation holding a controlling interest in an insurer shall be deemed to stand in a fiduciary relation to the insurer, and shall discharge the duties of their respective positions in good faith, and with that diligence, care and skill which ordinary prudent persons would exercise under similar circumstances in like positions.

[2009 c 549 § 7020; 1969 ex.s. c 241 § 1.]

Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.