Source: https://app.leg.wa.gov/RCW/default.aspx?cite=48.03&full=true
Timestamp: 2020-06-04 02:58:19
Document Index: 192435564

Matched Legal Cases: ['§ 1', '§ 44', '§ 7013', '§ 45', '§ 46', '§ 45', '§ 48', '§ 112', '§ 15', '§ 1', '§ 2', '§ 45']

Chapter 48.03 RCW: EXAMINATIONS
RCWs > Title 48 > Chapter 48.03
Chapter 48.03 RCW
48.03.005 Application.
48.03.010 Examination of insurers, bureaus.
48.03.020 Examination of producers, surplus line brokers, adjusters, title insurance agents, managers, or promoters.
48.03.025 Examiners—Scope of examination—Examiners' handbook.
48.03.030 Access to records on examination—Correction of accounts.
48.03.040 Examination reports—Consideration by commissioner—Orders—Confidentiality.
48.03.050 Reports withheld.
48.03.060 Examination expense.
48.03.065 Appointments by commissioner—Examiners—Exceptions.
48.03.070 Witnesses—Subpoenas—Depositions—Oaths.
48.03.075 Legal protection for commissioner, authorized representatives, and examiners—Good faith—Attorneys' fees—Payment by commissioner.
RCW 48.03.005
This chapter applies to the financial analysis and examination of insurers and other regulated entities.
[ 2007 c 82 § 1.]
RCW 48.03.025
Examiners—Scope of examination—Examiners' handbook.
Upon determining that an examination should be conducted, the commissioner or the commissioner's designee shall appoint one or more examiners to perform the examination and instruct them as to the scope of the examination. In conducting the examination, the examiner shall observe those guidelines and procedures set forth in the examiners' handbook adopted by the National Association of Insurance Commissioners. The commissioner may also employ such other guidelines or procedures as the commissioner may deem appropriate.
[ 1993 c 462 § 44.]
RCW 48.03.030
Access to records on examination—Correction of accounts.
(1) Every person being examined, its officers, employees, and representatives shall produce and make freely accessible to the commissioner the accounts, records, documents, and files in his or her possession or control relating to the subject of the examination, and shall otherwise facilitate the examination.
(2) If the commissioner finds the accounts to be inadequate, or improperly kept or posted, he or she may employ experts to rewrite, post or balance them at the expense of the person being examined.
[ 2009 c 549 § 7013; 1947 c 79 § .03.03; Rem. Supp. 1947 § 45.03.03.]
RCW 48.03.050
Reports withheld.
The commissioner may withhold from public inspection any examination or investigation report for so long as he or she deems it advisable, subject to RCW 48.32.080.
[ 1993 c 462 § 46; 1947 c 79 § .03.05; Rem. Supp. 1947 § 45.03.05.]
RCW 48.03.065
Appointments by commissioner—Examiners—Exceptions.
(1) No examiner may be appointed by the commissioner if the examiner, either directly or indirectly, has a conflict of interest or is affiliated with the management of or owns a pecuniary interest in a person subject to examination under this chapter. This section does not automatically preclude an examiner from being:
(a) A policyholder or claimant under an insurance policy;
(b) A grantor of a mortgage or similar instrument on the examiner's residence to a regulated entity if done under customary terms and in the ordinary course of business;
(c) An investment owner in shares of regulated diversified investment companies; or
(d) A settlor or beneficiary of a blind trust into which any otherwise impermissible holdings have been placed.
(2) Notwithstanding the requirements of subsection (1) of this section, the commissioner may retain from time to time, on an individual basis, qualified actuaries, certified public accountants, or other similar individuals who are independently practicing their professions, even though those persons may from time to time be similarly employed or retained by persons subject to examination under this chapter.
[ 1993 c 462 § 48.]
RCW 48.03.070
Witnesses—Subpoenas—Depositions—Oaths.
(1) The commissioner may take depositions, may subpoena witnesses or documentary evidence, administer oaths, and examine under oath any individual relative to the affairs of any person being examined, or relative to the subject of any hearing or investigation: PROVIDED, That the provisions of RCW 34.05.446 shall apply in lieu of the provisions of this section as to subpoenas relative to hearings in rule-making and adjudicative proceedings.
(2) The subpoena shall be effective if served within the state of Washington and shall be served in the same manner as if issued from a court of record.
(3) Witness fees and mileage, if claimed, shall be allowed the same as for testimony in a court of record. Witness fees, mileage, and the actual expense necessarily incurred in securing attendance of witnesses and their testimony shall be itemized, and shall be paid by the person as to whom the examination is being made, or by the person if other than the commissioner, at whose request the hearing is held.
(4) Enforcement of subpoenas shall be in accord with RCW 34.05.588.
[ 1989 c 175 § 112; 1967 c 237 § 15; 1963 c 195 § 1; 1949 c 190 § 2; 1947 c 79 § .03.07; Rem. Supp. 1949 § 45.03.07.]