48.35.160 – United States manager—Mexican or Canadian insurers.
RCW 48.35.160 United States manager—Mexican or Canadian insurers. The provisions of this chapter applicable to a United States manager shall, in the case of insurers domiciled in Mexico or Canada, be deemed to refer to the president, vice president, secretary, or treasurer of the Mexican or Canadian insurer. [ 1991 c 268 § 16.]
48.35.170 – Domestication of alien insurer—Commissioner’s approval.
RCW 48.35.170 Domestication of alien insurer—Commissioner’s approval. (1) Upon compliance with this chapter, an alien insurer authorized to do business in this state may, with the prior written approval of the commissioner, domesticate its United States branch by entering into an agreement in writing with a domestic insurer providing for the acquisition by the domestic […]
48.35.180 – Domestication agreement—Necessary authorization.
RCW 48.35.180 Domestication agreement—Necessary authorization. (1) The domestication agreement shall be authorized, adopted, approved, signed, and acknowledged by the alien insurer in accordance with the laws of the country under which it is organized. (2) In the case of a domestic insurer, the domestication agreement shall be approved, adopted, and authorized by its board of […]
48.35.190 – Domestication agreement—Commissioner’s approval of corporate proceedings.
RCW 48.35.190 Domestication agreement—Commissioner’s approval of corporate proceedings. An executed counterpart of the domestication agreement, together with certified copies of the corporate proceedings of the domestic insurer and the alien insurer, approving, adopting, and authorizing the execution of the domestication agreement, shall be submitted to the commissioner for approval. The commissioner shall thereupon consider the […]
48.35.200 – Domestication—When effective—Deposits—Transfer of assets.
RCW 48.35.200 Domestication—When effective—Deposits—Transfer of assets. (1) Upon the filing with the commissioner of a certified copy of the instrument of transfer and assumption pursuant to which a domestic company succeeds to the business and assets of the United States branch of an alien insurer and assumes all its liabilities, the domestication of the United […]
48.35.110 – Trusteed assets—Trustee’s statements—Commissioner’s approval.
RCW 48.35.110 Trusteed assets—Trustee’s statements—Commissioner’s approval. (1) The trustee of trusteed assets shall file statements with the commissioner, in a form required by the commissioner, certifying the character and amount of the assets. (2) If the trustee fails to file a requested statement after a reasonable time has expired, the commissioner may suspend or revoke […]
48.35.120 – Trusteed assets—Examination—Commissioner’s approval of assignment or transfer.
RCW 48.35.120 Trusteed assets—Examination—Commissioner’s approval of assignment or transfer. (1) The commissioner may examine trusteed assets of any insurer at any time in accordance with the same conditions and procedures governing the examination of insurers provided in chapter 48.03 RCW. (2) The depositing insurer shall not assign or transfer, voluntarily, involuntarily, or by operation of […]
48.35.130 – Trusteed assets—Commissioner’s approval of withdrawals.
RCW 48.35.130 Trusteed assets—Commissioner’s approval of withdrawals. (1) The trust agreement must provide that the commissioner shall authorize and approve in writing all withdrawals of trusteed assets in advance except as follows: (a) Any or all income, earnings, dividends, or interest accumulations of the trusteed assets may be paid over to the United States manager […]
48.35.140 – Trusteed assets—Substitution of trustee.
RCW 48.35.140 Trusteed assets—Substitution of trustee. A new trustee may be substituted for the original trustee of trusteed assets in the event of a vacancy or for other proper cause. Any such substitution is subject to the commissioner’s approval. [ 1991 c 268 § 14.]
48.35.150 – Trusteed assets—Compensation and expenses of trustees.
RCW 48.35.150 Trusteed assets—Compensation and expenses of trustees. The insurer shall provide for the compensation and expenses of the trustees of assets of an alien insurer under this chapter in an amount, or on a basis, as agreed upon by the insurer and the trustees in the trust agreement, subject to the prior approval of […]