2019 Revised Code of Washington
Title 48 - Insurance
Chapter 48.180 - Nonprofit Corporations—Joint Self-Insurance Programs.
48.180.010 Definitions.
RCW 48.180.010 Definitions.
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.
(1) "Nonprofit corporation" or "corporation" has the same meaning as defined in RCW 24.03.005.
(2) "Property and liability risks" includes the risk of property damage or loss sustained by a nonprofit corporation and the risk of claims arising from the tortious or negligent conduct or any error or omission of the entity, its officers, employees, agents, or volunteers as a result of a claim that may be made against the entity.
(3) "Self-insurance" means a formal program of advance funding and management of entity financial exposure to a risk of loss that is not transferred through the purchase of an insurance policy or contract.
(4) "State risk manager" means the risk manager of the office of risk management within the department of enterprise services.
[ 2015 c 109 § 6.]
