48.195.020 – Annual disclosure—Lead state when insurer part of insurance group—Additional information may be required.
RCW 48.195.020 Annual disclosure—Lead state when insurer part of insurance group—Additional information may be required. (1) An insurer, or the insurance group of which the insurer is a member, must, no later than June 1st of each calendar year, submit to the commissioner a corporate governance annual disclosure that contains the information described in RCW […]
48.195.030 – Responses to annual disclosure inquiries—Documentation and supporting information.
RCW 48.195.030 Responses to annual disclosure inquiries—Documentation and supporting information. (1) The insurer or insurance group has discretion over the responses to the corporate governance annual disclosure inquiries, provided the corporate governance annual disclosure contains the material information necessary to permit the commissioner to gain an understanding of the insurer’s or insurance group’s corporate governance […]
48.195.040 – Documents, materials, and other information are confidential—Restricted use by commission—Restricted use in civil actions.
RCW 48.195.040 Documents, materials, and other information are confidential—Restricted use by commission—Restricted use in civil actions. (1) Documents, materials, or other information including the corporate governance annual disclosure, in the possession or control of the commissioner that are obtained by, created by, or disclosed to the commissioner or any other person under this chapter, are […]
48.195.050 – Retaining third-party consultants—Under direction and control of the commissioner—Written agreements and consent.
RCW 48.195.050 Retaining third-party consultants—Under direction and control of the commissioner—Written agreements and consent. (1) The commissioner may retain at the insurer’s expense, third-party consultants, including attorneys, actuaries, accountants, and other experts not otherwise part of the commissioner’s staff as may be reasonably necessary to assist the commissioner in reviewing the corporate governance annual disclosure […]
48.195.060 – Failure to timely file—Penalties.
RCW 48.195.060 Failure to timely file—Penalties. Any insurer failing, without just cause, to timely file the corporate governance annual disclosure as required by this chapter is required, after notice and hearing under chapters 48.04 and 34.05 RCW, to pay a penalty of five hundred dollars for each day’s delay, to be recovered by the commissioner […]
48.195.100 – Rules.
RCW 48.195.100 Rules. The commissioner may, under chapter 34.05 RCW, adopt rules to implement and administer this chapter, including the national association of insurance commissioners’ corporate governance annual disclosure model rule. [ 2018 c 30 § 8.] NOTES: Effective date—2018 c 30: See note following RCW 48.195.005.
48.195.005 – Purpose—Application.
RCW 48.195.005 Purpose—Application. (1) The purpose of this chapter is to: (a) Provide the insurance commissioner a summary of an insurer or insurance group’s corporate governance structure, policies, and practices to permit the commissioner to gain and maintain an understanding of the insurer’s corporate governance framework; (b) Outline the requirements for completing a corporate governance […]
48.195.010 – Definitions.
RCW 48.195.010 Definitions. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) “Commissioner” means the insurance commissioner of this state. (2) “Corporate governance annual disclosure” means a confidential report filed by the insurer or insurance group under this chapter. (3) “Insurance group” means those insurers and affiliates included […]