2012 Revised Code of Washington
Title 48 - INSURANCE
48.32 Washington insurance guaranty association act.
48.32.010 Purpose.
RCW 48.32.010 Purpose.
The purpose of this chapter is to provide a mechanism for the payment of covered claims to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders under certain policies of insurance covered by the scope of this chapter because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to provide an association to assess the cost of such protection among insurers.
[2005 c 100 § 1; 1971 ex.s. c 265 § 1.]
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