reglab/housing_qa huggingface dataset:
WA Rev Code § 48.32.110 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.110 - Prevention of insolvencies.

RCW 48.32.110 Prevention of insolvencies.To aid in the detection and prevention of insurer insolvencies:(1) It shall be the duty of the board of directors, upon majority vote, to notify the commissioner of any information indicating any member insurer may be insolvent or in a financial condition hazardous to the policyholders or the public.(2) The board of directors may, upon majority vote, request that the commissioner order an examination of any member insurer which the board in good faith believes may be in a financial condition hazardous to the policyholders or the public. Within thirty days of the receipt of such request, the commissioner shall begin such examination. The examination may be conducted as a National Association of Insurance Commissioners examination or may be conducted by such persons as the commissioner designates. The cost of such examination shall be paid by the association and the examination report shall be treated as are other examination reports. In no event shall such examination report be released to the board of directors prior to its release to the public, but this shall not preclude the commissioner from complying with subsection (3) of this section. The commissioner shall notify the board of directors when the examination is completed. The request for an examination shall be kept on file by the commissioner but it shall not be open to public inspection prior to the release of the examination report to the public.(3) It shall be the duty of the commissioner to report to the board of directors when he or she has reasonable cause to believe that any member insurer examined or being examined at the request of the board of directors may be insolvent or in a financial condition hazardous to the policyholders or the public.(4) The board of directors may, upon majority vote, make reports and recommendations to the commissioner upon any matter germane to the solvency, liquidation, rehabilitation or conservation of any member insurer. Such reports and recommendations shall not be considered public documents.(5) The board of directors may, upon majority vote, make recommendations to the commissioner for the detection and prevention of insurer insolvencies.(6) The board of directors shall, at the conclusion of any insurer insolvency in which the association was obligated to pay covered claims, prepare a report on the history and causes of such insolvency, based on the information available to the association, and submit such report to the commissioner.[ 2009 c 549 § 7140; 1971 ex.s. c 265 § 11.]
WA Rev Code § 48.32.120 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.120 - Examination of the association.

RCW 48.32.120 Examination of the association.The association shall be subject to examination and regulation by the commissioner. The board of directors shall submit, not later than March 30th of each year, a financial report for the preceding calendar year in a form approved by the commissioner.[ 1971 ex.s. c 265 § 12.]
WA Rev Code § 48.32.130 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.130 - Tax exemption.

RCW 48.32.130 Tax exemption.The association shall be exempt from payment of all fees and all taxes levied by this state or any of its subdivisions except taxes levied on real or personal property.[ 1971 ex.s. c 265 § 13.]
WA Rev Code § 48.32.145 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.145 - Credit against premium tax for assessments paid pursuant to RCW 48.32.060(1)(c).

RCW 48.32.145 Credit against premium tax for assessments paid pursuant to RCW 48.32.060(1)(c).Every member insurer that prior to April 1, 1993, or after July 27, 1997, shall have paid one or more assessments levied pursuant to RCW 48.32.060(1)(c) shall be entitled to take a credit against any premium tax falling due under RCW 48.14.020. The amount of the credit shall be one-fifth of the aggregate amount of such aggregate assessments paid during such calendar year for each of the five consecutive calendar years beginning with the calendar year following the calendar year in which such assessments are paid. Whenever the allowable credit is or becomes less than one thousand dollars, the entire amount of the credit may be offset against the premium tax at the next time the premium tax is paid.[ 1997 c 300 § 1; 1993 sp.s. c 25 § 901; 1977 ex.s. c 183 § 1; 1975-'76 2nd ex.s. c 109 § 11.]NOTES:Severability—Effective dates—Part headings, captions not law—1993 sp.s. c 25: See notes following RCW 82.04.230.
WA Rev Code § 48.32.150 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.150 - Immunity.

RCW 48.32.150 Immunity.There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer, the association or its agents or employees, the board of directors, or the commissioner or his or her representatives for any action taken by them in the performance of their powers and duties under this chapter.[ 2009 c 549 § 7141; 1971 ex.s. c 265 § 15.]
WA Rev Code § 48.32.160 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.160 - Stay of proceedings—Setting aside judgment.

RCW 48.32.160 Stay of proceedings—Setting aside judgment.All proceedings in which the insolvent insurer is a party or is obligated to defend a party in any court in this state shall be stayed for one hundred eighty days and such additional time thereafter as may be fixed by the court from the date the insolvency is determined to permit proper defense by the association of all pending causes of action. Any judgment under any decision, verdict, or finding based on default of the insolvent insurer or on its failure to defend an insured which is unsatisfied at the date the insolvency is determined shall be set aside on the motion of the association and the association shall be permitted to defend such claim on the merits.[1975-'76 2nd ex.s. c 109 § 8; 1971 ex.s. c 265 § 16.]
WA Rev Code § 48.32.170 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.170 - Termination, distribution of fund.

RCW 48.32.170 Termination, distribution of fund.(1) The commissioner shall by order terminate the operation of the Washington insurers insolvency pool as to any kind of insurance afforded by property or casualty insurance policies with respect to which he or she has found, after hearing, that there is in effect a statutory or voluntary plan which:(a) Is a permanent plan which is adequately funded or for which adequate funding is provided; and(b) Extends, or will extend to state policyholders and residents protection and benefits with respect to insolvent insurers not substantially less favorable and effective to such policyholders and residents than the protection and benefits provided with respect to such kind of insurance under this chapter.(2) The commissioner shall by the same such order authorize discontinuance of future payments by insurers to the Washington insurers insolvency pool with respect to the same kinds of insurance: PROVIDED, That assessments and payments shall continue, as necessary, to liquidate covered claims of insurers adjudged insolvent prior to said order and the related expenses not covered by such other plan.(3) In the event the operation of any account of the Washington insurers insolvency pool shall be so terminated as to all kinds of insurance otherwise within its scope, the pool as soon as possible thereafter shall distribute the balance of the moneys and assets remaining in said account (after discharge of the functions of the pool with respect to prior insurer insolvencies not covered by such other plan, together with related expenses) to the insurers which are then writing in this state policies of the kinds of insurance covered by such account, and which had made payments into such account, pro rata upon the basis of the aggregate of such payments made by the respective insurers to such account during the period of five years next preceding the date of such order. Upon completion of such distribution with respect to all of the accounts specified in RCW 48.32.060, this chapter shall be deemed to have expired.[ 2009 c 549 § 7142; 1971 ex.s. c 265 § 17.]
WA Rev Code § 48.32.900 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.900 - Short title.

RCW 48.32.900 Short title.This chapter shall be known and may be cited as the Washington Insurance Guaranty Association Act.[ 1971 ex.s. c 265 § 18.]
WA Rev Code § 48.32.901 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.901 - Effective date—2005 c 100.

RCW 48.32.901 Effective date—2005 c 100.This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately [April 20, 2005].[ 2005 c 100 § 8.]
WA Rev Code § 48.32.910 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.910 - Construction—1971 ex.s. c 265.

RCW 48.32.910 Construction—1971 ex.s. c 265.This chapter shall be liberally construed to effect the purpose under RCW 48.32.010 which shall constitute an aid and guide to interpretation.[ 1971 ex.s. c 265 § 19.]
WA Rev Code § 48.32.920 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32 - Washington Insurance Guaranty Association Act.|48.32.920 - Section headings not part of law.

RCW 48.32.920 Section headings not part of law.Section headings as used in this chapter do not constitute any part of the law.[ 1971 ex.s. c 265 § 22.]
WA Rev Code § 48.32A.005 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32A - Washington Life and Disability Insurance Guaranty Association Act.|48.32A.005 - Short title.

RCW 48.32A.005 Short title.This chapter may be known and cited as the Washington life and disability insurance guaranty association act.[ 2001 c 50 § 1.]
WA Rev Code § 48.32A.015 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32A - Washington Life and Disability Insurance Guaranty Association Act.|48.32A.015 - Purpose.

RCW 48.32A.015 Purpose.(1) The purpose of this chapter is to protect, subject to certain limitations, the persons specified in RCW 48.32A.025(1) against failure in the performance of contractual obligations, under life and disability insurance policies and annuity contracts specified in RCW 48.32A.025(2), because of the impairment or insolvency of the member insurer that issued the policies or contracts.(2) To provide this protection, an association of insurers is created to pay benefits and to continue coverages as limited by this chapter, and members of the association are subject to assessment to provide funds to carry out the purpose of this chapter.[ 2001 c 50 § 2.]
WA Rev Code § 48.32A.035 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32A - Washington Life and Disability Insurance Guaranty Association Act.|48.32A.035 - Construction.

RCW 48.32A.035 Construction.This chapter shall be construed to effect the purpose under RCW 48.32A.015.[ 2001 c 50 § 4.]
WA Rev Code § 48.32A.055 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32A - Washington Life and Disability Insurance Guaranty Association Act.|48.32A.055 - Creation of the association.

RCW 48.32A.055 Creation of the association.(1) There is created a nonprofit unincorporated legal entity to be known as the Washington life and disability insurance guaranty association which is composed of the commissioner ex officio and each member insurer. All member insurers must be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under the plan of operation established and approved under RCW 48.32A.095 and shall exercise its powers through a board of directors established under RCW 48.32A.065. For purposes of administration and assessment, the association shall maintain two accounts:(a) The life insurance and annuity account which includes the following subaccounts:(i) Life insurance account;(ii) Annuity account which includes annuity contracts owned by a governmental retirement plan, or its trustee, established under section 401, 403(b), or 457 of the United States Internal Revenue Code, but otherwise excludes unallocated annuities; and(iii) Unallocated annuity account, which excludes contracts owned by a governmental retirement benefit plan, or its trustee, established under section 401, 403(b), or 457 of the United States Internal Revenue Code; and(b) The disability insurance account.(2) The association is under the immediate supervision of the commissioner and is subject to the applicable provisions of the insurance laws of this state. Meetings or records of the association may be opened to the public upon majority vote of the board of directors of the association.[ 2001 c 50 § 6.]
WA Rev Code § 48.32A.065 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32A - Washington Life and Disability Insurance Guaranty Association Act.|48.32A.065 - Board of directors.

RCW 48.32A.065 Board of directors.(1) The board of directors of the association consists of the commissioner ex officio and not less than five nor more than nine member insurers serving terms as established in the plan of operation. The insurer members of the board are selected by member insurers subject to the approval of the commissioner.Vacancies on the board are filled for the remaining period of the term by a majority vote of the remaining board members, subject to the approval of the commissioner.(2) In approving selections or in appointing members to the board, the commissioner shall consider, among other things, whether all member insurers are fairly represented.(3) Members of the board may be reimbursed from the assets of the association for expenses incurred by them as members of the board of directors but members of the board are not otherwise compensated by the association for their services.[ 2001 c 50 § 7.]
WA Rev Code § 48.32A.095 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32A - Washington Life and Disability Insurance Guaranty Association Act.|48.32A.095 - Plan of operation.

RCW 48.32A.095 Plan of operation.(1)(a) The association shall submit to the commissioner a plan of operation and any amendments necessary or suitable to assure the fair, reasonable, and equitable administration of the association. The plan of operation and any amendments are effective upon the commissioner's written approval or unless it has not been disapproved within thirty days.(b) If the association fails to submit a suitable plan of operation within one hundred twenty days following July 22, 2001, or if at any time thereafter the association fails to submit suitable amendments to the plan, the commissioner shall, after notice and hearing, adopt reasonable rules as necessary or advisable to effectuate the provisions of this chapter. The rules continue in force until modified by the commissioner or superseded by a plan submitted by the association and approved by the commissioner.(2) All member insurers shall comply with the plan of operation.(3) The plan of operation must, in addition to requirements enumerated elsewhere in this chapter:(a) Establish procedures for handling the assets of the association;(b) Establish the amount and method of reimbursing members of the board of directors under RCW 48.32A.065;(c) Establish regular places and times for meetings including telephone conference calls of the board of directors;(d) Establish procedures for records to be kept of all financial transactions of the association, its agents, and the board of directors;(e) Establish the procedures whereby selections for the board of directors are made and submitted to the commissioner;(f) Establish any additional procedures for assessments under RCW 48.32A.085; and(g) Contain additional provisions necessary or proper for the execution of the powers and duties of the association.(4) The plan of operation may provide that any or all powers and duties of the association, except those under RCW 48.32A.075(12)(c) and 48.32A.085, are delegated to a corporation, association, or other organization which performs or will perform functions similar to those of this association, or its equivalent, in two or more states. Such a corporation, association, or organization must be reimbursed for any payments made on behalf of the association and must be paid for its performance of any function of the association. A delegation under this subsection takes effect only with the approval of both the board of directors and the commissioner, and may be made only to a corporation, association, or organization which extends protection not substantially less favorable and effective than that provided by this chapter.[ 2001 c 50 § 10.]
WA Rev Code § 48.32A.105 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32A - Washington Life and Disability Insurance Guaranty Association Act.|48.32A.105 - Duties and powers of the commissioner.

RCW 48.32A.105 Duties and powers of the commissioner.(1) In addition to the duties and powers enumerated elsewhere in this chapter, the commissioner shall:(a) Upon request of the board of directors, provide the association with a statement of the premiums in this and other appropriate states for each member insurer;(b) When an impairment is declared and the amount of the impairment is determined, serve a demand upon the impaired insurer to make good the impairment within a reasonable time; notice to the impaired insurer constitutes notice to its shareholders, if any; the failure of the insurer to promptly comply with such a demand does not excuse the association from the performance of its powers and duties under this chapter; and(c) In any liquidation or rehabilitation proceeding involving a domestic insurer, be appointed as the liquidator or rehabilitator.(2) In addition to the duties and powers enumerated elsewhere in this chapter, the commissioner may suspend or revoke, after notice and hearing, the certificate of authority to transact insurance in this state of any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation. As an alternative the commissioner may levy a forfeiture on any member insurer that fails to pay an assessment when due. The forfeiture may not exceed five percent of the unpaid assessment per month, but no forfeiture may be less than one hundred dollars per month.(3) A final action by the board of directors of the association may be appealed to the commissioner by a member insurer if the appeal is taken within sixty days of the member insurer's receipt of notice of the final action being appealed. A final action or order of the commissioner is subject to judicial review in a court of competent jurisdiction in accordance with the laws of this state that apply to the actions or orders of the commissioner.(4) The liquidator, rehabilitator, or conservator of an impaired insurer may notify all interested persons of the effect of this chapter.[ 2001 c 50 § 11.]
WA Rev Code § 48.32A.115 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32A - Washington Life and Disability Insurance Guaranty Association Act.|48.32A.115 - Prevention of insolvencies.

RCW 48.32A.115 Prevention of insolvencies.The commissioner shall aid in the detection and prevention of insurer insolvencies or impairments.(1) It is the duty of the commissioner to:(a) Notify the commissioners of all the other states, territories of the United States, and the District of Columbia within thirty days following the action taken or the date the action occurs, when the commissioner takes any of the following actions against a member insurer:(i) Revocation of license;(ii) Suspension of license; or(iii) Makes a formal order that the company restrict its premium writing, obtain additional contributions to surplus, withdraw from the state, reinsure all or any part of its business, or increase capital, surplus, or any other account for the security of policy owners or creditors;(b) Report to the board of directors when the commissioner has taken any of the actions set forth in (a) of this subsection or has received a report from any other commissioner indicating that any such action has been taken in another state. The report to the board of directors must contain all significant details of the action taken or the report received from another commissioner;(c) Report to the board of directors when the commissioner has reasonable cause to believe from an examination, whether completed or in process, of any member insurer that the insurer may be an impaired or insolvent insurer; and(d) Furnish to the board of directors the national association of insurance commissioners insurance regulatory information system ratios and listings of companies not included in the ratios developed by the national association of insurance commissioners, and the board may use the information contained therein in carrying out its duties and responsibilities under this section. The report and the information must be kept confidential by the board of directors until such time as made public by the commissioner or other lawful authority.(2) The commissioner may seek the advice and recommendations of the board of directors concerning any matter affecting the duties and responsibilities of the commissioner regarding the financial condition of member insurers and companies seeking admission to transact insurance business in this state.(3) The board of directors may, upon majority vote, make reports and recommendations to the commissioner upon any matter germane to the solvency, liquidation, rehabilitation, or conservation of any member insurer or germane to the solvency of any company seeking to do an insurance business in this state. The reports and recommendations are not public documents.(4) The board of directors may, upon majority vote, notify the commissioner of any information indicating a member insurer may be an impaired or insolvent insurer.(5) The board of directors may, upon majority vote, make recommendations to the commissioner for the detection and prevention of insurer insolvencies.[ 2001 c 50 § 12.]
WA Rev Code § 48.32A.125 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.32A - Washington Life and Disability Insurance Guaranty Association Act.|48.32A.125 - Credits for assessments paid—Tax offsets.

RCW 48.32A.125 Credits for assessments paid—Tax offsets.(1) A member insurer may offset against its premium tax liability to this state an assessment described in RCW 48.32A.085(8) to the extent of twenty percent of the amount of the assessment for each of the five calendar years following the year in which the assessment was paid. In the event a member insurer ceases doing business, all uncredited assessments may be credited against its premium tax liability for the year it ceases doing business.(2) Any sums that are acquired by refund, under RCW 48.32A.085(6), from the association by member insurers, and that have been offset against premium taxes as provided in subsection (1) of this section, must be paid by the insurers to the commissioner and then deposited with the state treasurer for credit to the general fund of the state of Washington. The association shall notify the commissioner that refunds have been made.[ 2001 c 50 § 13.]