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2012 Revised Code of Washington
Title 48 - INSURANCE
48.13 Investments.
48.13.081 Investments in securities of different currencies.


WA Rev Code § 48.13.081 (2012) What's This?

RCW 48.13.081 Investments in securities of different currencies.

An insurer doing business that requires it to make payment in different currencies shall have investments in securities in each of these currencies in an amount that independently of all other investments meets the requirements of this chapter as applied separately to the insurer's obligations in each currency. The commissioner may by order exempt an insurer, or by rule a class of insurers, from this requirement if the obligations in other currencies are small enough that no significant problem for financial stability would be created by substantial fluctuations in relative currency values.

[2011 c 188 ยง 9.]


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