Chapter 48.12 RCW

ASSETS AND LIABILITIES

Sections
"Assets" defined.
Nonallowable assets.
Liabilities.
Unearned premium reserve, property, casualty, and surety insurance.
Unearned premium reserve, marine and transportation insurance.
ReserveDisability insurance.
Loss records.
Increased reserves.
Loss reservesLiability insurance.
Unallocated liability loss expense.
Schedule of experience.
"Loss payments," "loss expense" defined.
Valuation of bonds.
Valuation of stocks.
Valuation of property.
Valuation of purchase money mortgages.
CREDIT FOR REINSURANCE
PurposeIntentDeclaration.
Domestic ceding insurerAsset or reduction from liabilityRequirements.
Assuming insurerLicensed.
Accredited as reinsurerAssuming insurerRequirements.
Assuming insurerDomiciled in this state or state with similar statutes.
Assuming insurer maintains a trust fundPayment of valid claimsRequirements.
Assuming insurerCertified as reinsurerEligibility requirementsInsurer obligationsCommissioner's duties.
Assuming insurer not meeting certain requirementsCredit restricted.
Assuming insurer not licensed, accredited, or certifiedNo creditExceptions.
Assuming insurer does not meet certain requirementsTrust agreementsNecessary conditions.
Accredited or certified reinsurer does not meet requirementsCommissioner may suspend or revoke.
Ceding insurerReinsurance program.
Reinsurance ceded by domestic insurer to assuming insurer not meeting requirementsWhen asset or reduction from liability allowed.
DefinitionsApply to RCW 48.12.460(3).
Credit for reinsuranceAccounting or financial statementAfter December 31, 1996.
Assuming alien reinsurerRegistrationRequirementsDuties of commissionerCosts.
Rules.
Application of chapter 63, Laws of 2015.
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