2012 Revised Code of Washington
Title 48 - INSURANCE
48.07 Domestic insurers -- Powers.
48.07.160 Continuing operation in event of emergency -- Declaration of purpose -- "Insurer" defined.
RCW 48.07.160 Continuing operation in event of emergency — Declaration of purpose — "Insurer" defined.
It is desirable for the general welfare and in particular for the welfare of insurance beneficiaries, policyholders, claimants, subscribers, and others that the business of domestic insurers be continued notwithstanding the event of a local, state, or national emergency. The purpose of this section, RCW 48.07.170 through 48.07.200, and 48.07.203 is to facilitate the continued operation of domestic insurers in the event that a local, state, or national emergency is so disruptive of normal business and commerce as to make it impossible or impracticable for a domestic insurer to conduct its business in accord with applicable provisions of law, its bylaws, or its charter. When used in this section, RCW 48.07.170 through 48.07.200, and 48.07.203 the word "insurer" means the same as defined in RCW 48.01.053 [48.01.050].
[2009 c 150 § 1; 1963 c 195 § 25.]
Notes:
| Effective date -- 2009 c 150: "This act takes effect January 1, 2011." [2009 c 150 § 8.]
|
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.
