reglab/housing_qa huggingface dataset:
WA Rev Code § 48.98.020 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.98 - Managing General Agents Act.|48.98.020 - Requirements for insurer—Audit, loss reserves, and on-site review of managing general agent—Notice to commissioner—Quarterly review of books and records—Board of director.

RCW 48.98.020 Requirements for insurer—Audit, loss reserves, and on-site review of managing general agent—Notice to commissioner—Quarterly review of books and records—Board of director.(1) The insurer shall have on file an independent audited financial statement, in a form acceptable to the commissioner, of each managing general agent with which it is doing or has done business.(2) If a managing general agent establishes loss reserves, the insurer shall annually obtain the opinion of an actuary attesting to the adequacy of loss reserves established for losses incurred and outstanding on business produced by the managing general agent. This is in addition to any other required loss reserve certification.(3) The insurer shall periodically, and no less frequently than semiannually, conduct an on-site review of the underwriting and claims processing operations of the managing general agent.(4) Binding authority for all reinsurance contracts or participation in insurance or reinsurance syndicates must rest with an officer of the insurer, who may not be affiliated with the managing general agent.(5) Within thirty days of entering into or terminating a contract with a managing general agent, the insurer shall provide written notification of that appointment or termination to the commissioner. Notices of appointment of a managing general agent must include a statement of duties that the managing general agent is expected to perform on behalf of the insurer, the lines of insurance for which the managing general agent is to be authorized to act, and any other information the commissioner may request. This subsection applies to managing general agents operating in this state.(6) An insurer shall review its books and records each calendar quarter to determine if any insurance producer has become a managing general agent. If the insurer determines that an insurance producer has become a managing general agent under RCW 48.98.005, the insurer shall promptly notify the insurance producer and the commissioner of that determination, and the insurer and insurance producer shall fully comply with this chapter within thirty days.(7) An insurer may not appoint to its board of directors an officer, director, employee, subagent, or controlling shareholder of its managing general agents. This subsection does not apply to relationships governed by the insurer holding company act, chapter 48.31B RCW, or, if applicable, the business transacted with broker-controlled property and casualty insurer act, *chapter 48.97 RCW.[ 2008 c 217 § 82; 1993 c 462 § 38.]NOTES:*Reviser's note: Chapter 48.97 RCW was renamed the producer-controlled property and casualty insurer act, effective July 1, 2009.Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
WA Rev Code § 48.98.025 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.98 - Managing General Agents Act.|48.98.025 - Examinations—Acts of a managing general agent are acts of the insurer.

RCW 48.98.025 Examinations—Acts of a managing general agent are acts of the insurer.The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer, as provided in chapter 48.03 RCW.[ 1993 c 462 § 39.]
WA Rev Code § 48.98.030 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.98 - Managing General Agents Act.|48.98.030 - Violations of chapter—Penalties—Judicial review.

RCW 48.98.030 Violations of chapter—Penalties—Judicial review.(1) Subject to a hearing in accordance with chapters 34.05 and 48.04 RCW, upon a finding by the commissioner that any person has violated any provision of this chapter, the commissioner may order:(a) For each separate violation, a penalty in an amount of not more than one thousand dollars;(b) Revocation, or suspension for up to one year, of the managing general agent's license including any insurance producer's licenses held by the managing general agent; and(c) The managing general agent to reimburse the insurer, the rehabilitator, or liquidator of the insurer for losses incurred by the insurer caused by a violation of this chapter committed by the managing general agent.(2) The decision, determination, or order of the commissioner under this section is subject to judicial review under chapters 34.05 and 48.04 RCW.(3) Nothing contained in this section affects the right of the commissioner to impose any other penalties provided for in this title.(4) Nothing contained in this chapter is intended to or in any manner limits or restricts the rights of policyholders, claimants, and auditors.[ 2008 c 217 § 83; 1993 c 462 § 40.]NOTES:Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
WA Rev Code § 48.98.035 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.98 - Managing General Agents Act.|48.98.035 - Rule making.

RCW 48.98.035 Rule making.The commissioner may adopt rules for the implementation and administration of this chapter, that shall include but are not limited to licensure of managing general agents.[ 1993 c 462 § 41.]
WA Rev Code § 48.98.040 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.98 - Managing General Agents Act.|48.98.040 - Continued use of a managing general agent—Compliance with chapter.

RCW 48.98.040 Continued use of a managing general agent—Compliance with chapter.No insurer may continue to use the services of a managing general agent on and after January 1, 1994, unless that use complies with this chapter.[ 1993 c 462 § 42.]
WA Rev Code § 48.98.900 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.98 - Managing General Agents Act.|48.98.900 - Short title.

RCW 48.98.900 Short title.This chapter may be known and cited as the managing general agents act.[ 1993 c 462 § 34.]
WA Rev Code § 48.98.901 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.98 - Managing General Agents Act.|48.98.901 - Severability—Implementation—1993 c 462.

RCW 48.98.901 Severability—Implementation—1993 c 462.See RCW 48.31B.901 and 48.31B.902.
WA Rev Code § 48.99.011 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.99 - Uniform Insurers Liquidation Act.|48.99.011 - Insurer—Self-funded multiple employer welfare arrangement.

RCW 48.99.011 Insurer—Self-funded multiple employer welfare arrangement.A self-funded multiple employer welfare arrangement, as defined in RCW 48.125.010, is an insurer under this chapter.[ 2004 c 260 § 21.]NOTES:Effective date—2004 c 260: See RCW 48.125.901.
WA Rev Code § 48.99.030 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.99 - Uniform Insurers Liquidation Act.|48.99.030 - Delinquency proceedings—Foreign insurers.

RCW 48.99.030 Delinquency proceedings—Foreign insurers.(1) Whenever under the laws of this state an ancillary receiver is to be appointed in delinquency proceedings for an insurer not domiciled in this state, the court shall appoint the commissioner as ancillary receiver. The commissioner shall file a petition requesting the appointment (a) if he or she finds that there are sufficient assets of such insurer located in this state to justify the appointment of an ancillary receiver, or (b) if ten or more persons resident in this state having claims against such insurer file a petition with the commissioner requesting the appointment of such ancillary receiver.(2) The domiciliary receiver for the purpose of liquidating an insurer domiciled in a reciprocal state, shall be vested by operation of law with the title to all of the property, contracts, and rights of action, and all of the books and records of the insurer located in this state, and he or she shall have the immediate right to recover balances due from local insurance producers and surplus line brokers and to obtain possession of any books and records of the insurer found in this state. He or she shall also be entitled to recover the other assets of the insurer located in this state except that upon the appointment of an ancillary receiver in this state, the ancillary receiver shall during the ancillary receivership proceedings have the sole right to recover such other assets. The ancillary receiver shall, as soon as practicable, liquidate from their respective securities those special deposit claims and secured claims which are proved and allowed in the ancillary proceedings in this state, and shall pay the necessary expenses of the proceedings. All remaining assets shall promptly transfer to the domiciliary receiver. Subject to the foregoing provisions the ancillary receiver and his or her deputies shall have the same powers and be subject to the same duties with respect to the administration of such assets, as a receiver of an insurer domiciled in this state.(3) The domiciliary receiver of an insurer domiciled in a reciprocal state may sue in this state to recover any assets of such insurer to which he or she may be entitled under the laws of this state.[ 2009 c 162 § 31; 2008 c 217 § 84; 1947 c 79 § .31.13; Rem. Supp. 1947 § 45.31.13. Formerly RCW 48.31.130.]NOTES:Effective date—2009 c 162: See note following RCW 48.03.020.Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
WA Rev Code § 48.99.040 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.99 - Uniform Insurers Liquidation Act.|48.99.040 - Claims of nonresidents against domestic insurer.

RCW 48.99.040 Claims of nonresidents against domestic insurer.(1) In a delinquency proceeding begun in this state against an insurer domiciled in this state, claimants residing in reciprocal states may file claims either with the ancillary receivers, if any, in their respective states, or with the domiciliary receiver. All claims must be filed on or before the last date fixed for the filing of claims in the domiciliary delinquency proceedings.(2) Controverted claims belonging to claimants residing in reciprocal states may either (a) be proved in this state as provided by law, or (b) if ancillary proceedings have been commenced in reciprocal states, be proved in those proceedings. In the event a claimant elects to prove a claim in ancillary proceedings, if notice of the claim and opportunity to appear and be heard is afforded the domiciliary receiver of this state as provided in RCW 48.99.050 with respect to ancillary proceedings in this state, the final allowance of a claim by the courts in the ancillary state must be accepted in this state as conclusive as to its amount, and must also be accepted as conclusive as to its priority, if any, against special deposits or other security located within the ancillary state.[ 2003 c 248 § 25; 1947 c 79 § .31.14; Rem. Supp. 1947 § 45.31.14. Formerly RCW 48.31.140.]
WA Rev Code § 48.99.050 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.99 - Uniform Insurers Liquidation Act.|48.99.050 - Claims of residents against foreign insurer.

RCW 48.99.050 Claims of residents against foreign insurer.(1) In a delinquency proceeding in a reciprocal state against an insurer domiciled in that state, claimants against such insurer, who reside within this state may file claims either with the ancillary receiver, if any, appointed in this state, or with the domiciliary receiver. All such claims must be filed on or before the last date fixed for the filing of claims in the domiciliary delinquency proceeding.(2) Controverted claims belonging to claimants residing in this state may either (a) be proved in the domiciliary state as provided by the law of that state, or (b) if ancillary proceedings have been commenced in this state, be proved in those proceedings. In the event that any such claimant elects to prove his or her claim in this state, he or she shall file his or her claim with the ancillary receiver in the manner provided by the law of this state for the proving of claims against insurers domiciled in this state, and he or she shall give notice in writing to the receiver in the domiciliary state, either by registered mail or by personal service at least forty days prior to the date set for hearing. The notice shall contain a concise statement of the amount of the claim, the facts on which the claim is based, and the priorities asserted, if any. If the domiciliary receiver, within thirty days after the giving of such notice, shall give notice in writing to the ancillary receiver and to the claimant, either by registered mail or by personal service, of his or her intention to contest such claim, he or she shall be entitled to appear or to be represented in any proceeding in this state involving the adjudication of the claim. The final allowance of the claim by the courts of this state shall be accepted as conclusive as to its amount, and shall also be accepted as conclusive as to its priority, if any, against special deposits or other security located within this state.[ 2009 c 549 § 7160; 1947 c 79 § .31.15; Rem. Supp. 1947 § 45.31.15. Formerly RCW 48.31.150.]
WA Rev Code § 48.99.060 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.99 - Uniform Insurers Liquidation Act.|48.99.060 - Priority of certain claims.

RCW 48.99.060 Priority of certain claims.(1) In a delinquency proceeding against an insurer domiciled in this state, claims owing to residents of ancillary states shall be preferred claims if like claims are preferred under the laws of this state. All such claims whether owing to residents or nonresidents shall be given equal priority of payment from general assets regardless of where such assets are located.(2) In a delinquency proceeding against an insurer domiciled in a reciprocal state, claims owing to residents of this state shall be preferred if like claims are preferred by the laws of that state.(3) The owners of special deposit claims against an insurer for which a receiver is appointed in this or any other state shall be given priority against their several special deposits in accordance with the provisions of the statutes governing the creation and maintenance of such deposits. If there is a deficiency in any such deposit so that the claims secured thereby are not fully discharged therefrom, the claimants may share in the general assets, but such sharing shall be deferred until general creditors, and also claimants against other special deposits who have received smaller percentages from their respective special deposits, have been paid percentages of their claims equal to the percentage paid from the special deposit.(4) The owner of a secured claim against an insurer for which a receiver has been appointed in this or any other state may surrender his or her security and file his or her claim as a general creditor, or the claim may be discharged by resort to the security, in which case the deficiency, if any, shall be treated as a claim against the general assets of the insurer on the same basis as claims of unsecured creditors. If the amount of the deficiency has been adjudicated in ancillary proceedings as provided in this chapter, or if it has been adjudicated by a court of competent jurisdiction in proceedings in which the domiciliary receiver has had notice and opportunity to be heard, such amount shall be conclusive; otherwise the amount shall be determined in the delinquency proceeding in the domiciliary state.[ 2009 c 549 § 7161; 1993 c 462 § 79; 1947 c 79 § .31.16; Rem. Supp. 1947 § 45.31.16. Formerly RCW 48.31.160.]
WA Rev Code § 48.99.070 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.99 - Uniform Insurers Liquidation Act.|48.99.070 - Attachment, garnishment, execution stayed.

RCW 48.99.070 Attachment, garnishment, execution stayed.During the pendency of delinquency proceedings in this or any reciprocal state no action or proceeding in the nature of an attachment, garnishment, or execution shall be commenced or maintained in the courts of this state against the delinquent insurer or its assets. Any lien obtained by any such action or proceeding within four months prior to the commencement of any such delinquency proceeding or at any time thereafter shall be void as against any rights arising in such delinquency proceeding.[1947 c 79 § .31.17; Rem. Supp. 1947 § 45.31.17. Formerly RCW 48.31.170.]
WA Rev Code § 48.99.080 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.99 - Uniform Insurers Liquidation Act.|48.99.080 - Severability—Uniformity of interpretation.

RCW 48.99.080 Severability—Uniformity of interpretation.(1) If any provision of this chapter or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of the chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are declared to be severable.(2) This uniform insurers liquidation act shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states that enact it. To the extent that its provisions, when applicable, conflict with provisions of chapter 48.31 RCW, the provisions of this chapter shall control.[ 1993 c 462 § 80; 1947 c 79 § .31.18; Rem. Supp. 1947 § 45.31.18. Formerly RCW 48.31.180.]
WA Rev Code § 48.99.900 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.99 - Uniform Insurers Liquidation Act.|48.99.900 - Severability—Implementation—1993 c 462.

RCW 48.99.900 Severability—Implementation—1993 c 462.See RCW 48.31B.901 and 48.31B.902.
WA Rev Code § 48.102.001 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.102 - Life Settlements Act.|48.102.001 - Short title.

RCW 48.102.001 Short title.This chapter may be cited as the "life settlements act."[ 2009 c 104 § 1.]
WA Rev Code § 48.102.041 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.102 - Life Settlements Act.|48.102.041 - Contract requirements.

RCW 48.102.041 Contract requirements.(1) A person may not use any form of life settlement contract in this state unless it has been filed with and approved, if required, by the commissioner in a manner that conforms with the filing procedures and any time restrictions or deeming provisions, if any, for life insurance forms, policies, and contracts.(2) An insurer may not, as a condition of responding to a request for verification of coverage or in connection with the transfer of a policy pursuant to a life settlement contract, require that the owner, insured, provider, or broker sign any form, disclosure, consent, waiver, or acknowledgment that has not been expressly approved by the commissioner for use in connection with life settlement contracts in this state.(3) A person shall not use a life settlement contract form or provide to an owner a disclosure statement form in this state unless first filed with and approved by the commissioner. The commissioner shall disapprove a life settlement contract form or disclosure statement form if, in the commissioner's opinion, the contract or provisions contained therein fail to meet the requirements of RCW 48.102.070, 48.102.080, 48.102.110, and 48.102.150 or are unreasonable, contrary to the interests of the public, or otherwise misleading or unfair to the owner. At the commissioner's discretion, the commissioner may require the submission of advertising material.[ 2009 c 104 § 6.]
WA Rev Code § 48.102.046 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.102 - Life Settlements Act.|48.102.046 - Reporting requirements and record retention.

RCW 48.102.046 Reporting requirements and record retention.(1) Each provider shall file with the commissioner on or before March 1 of each year an annual statement containing such information as the commissioner may prescribe by rule. In addition to any other requirements, for any policy settled within five years of policy issuance, the annual statement shall specify the total number, aggregate face amount, and life settlement proceeds of policies settled during the immediately preceding calendar year, together with a breakdown of the information by policy issue year.(2) Every provider that fails to file an annual statement as required in this section, or fails to reply within thirty calendar days to a written inquiry by the commissioner in connection therewith, shall, in addition to other penalties provided by this chapter, be subject, upon due notice and opportunity to be heard, to a penalty of up to fifty dollars per day of delay, not to exceed twenty-five thousand dollars in the aggregate, for each such failure.(3) Records of all consummated transactions and life settlement contracts shall be maintained by the provider for three years after the death of the insured and shall be available to the commissioner for inspection during reasonable business hours.[ 2009 c 104 § 7.]
WA Rev Code § 48.102.051 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.102 - Life Settlements Act.|48.102.051 - Privacy.

RCW 48.102.051 Privacy.(1) Except as otherwise allowed or required by law, a provider, broker, purchaser, insurance company, insurance producer, information bureau, rating agency or company, or any other person with actual knowledge of an insured's identity, shall not disclose the identity of an insured or information that there is a reasonable basis to believe could be used to identify the insured or the insured's financial or medical information to any other person unless the disclosure:(a) Is necessary to effect a life settlement contract between the owner and a provider and the owner and insured have provided prior written consent to the disclosure;(b) Is necessary to effectuate the sale of life settlement contracts, or interests therein, as investments, provided (i) the sale is conducted in accordance with applicable state and federal securities law, and (ii) the owner and the insured have both provided prior written consent to the disclosure;(c) Is provided in response to an investigation or examination by the commissioner or any other governmental officer or agency or pursuant to the requirements of RCW 48.102.061, 48.102.140, and 48.102.150;(d) Is a term or condition to the transfer of a policy by one provider to another provider, in which case the receiving provider shall be required to comply with the confidentiality requirements of this subsection;(e) Is necessary to allow the provider or broker or their authorized representatives to make contacts for the purpose of determining health status.(i) For the purposes of this section, the "authorized representative" does not include any person who has or may have any financial interest in the settlement contract other than a provider, licensed broker, financing entity, related provider trust, or special purpose entity.(ii) A provider or broker shall require its authorized representative to agree in writing to adhere to the privacy provisions of this chapter; or(f) Is required to purchase stop loss coverage.(2) Nonpublic personal information solicited or obtained in connection with a proposed or actual life settlement contract shall be subject to the provisions applicable to financial institutions under the federal Gramm-Leach-Bliley act, P.L. 106-102 (1999).(3) Names and individual identification data for all owners and insureds shall be considered private and confidential information and shall not be disclosed by the commissioner unless required by law.[ 2009 c 104 § 8.]