Washington Code 4.92.220 – Risk management administration account
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(1) The risk management administration account is created in the custody of the state treasurer. All receipts from appropriations and assessments shall be deposited into the account. Only the director or the director’s designee may authorize expenditures from the account. The account is subject to allotment procedures under chapter 43.88 RCW, but no appropriation is required for expenditures.
Terms Used In Washington Code 4.92.220
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Director: means the director of enterprise services. See Washington Code 4.92.006
- Risk manager: means the person supervising the office of risk management. See Washington Code 4.92.006
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(2) The risk management administration account is to be used for the payment of costs related to:
(a) The appropriated administration of liability, property, and vehicle claims, including investigation, claim processing, negotiation, and settlement, and other expenses relating to settlements and judgments against the state not otherwise budgeted; and
(b) The nonappropriated pass-through cost associated with the purchase of liability and property insurance, including catastrophic insurance, subject to policy conditions and limitations determined by the risk manager.
(3) The risk management administration account’s appropriation for risk management shall be financed through a combination of direct appropriations and assessments to state agencies.
NOTES:
Intent—Effective date—2002 c 332: See notes following RCW 43.19.760.
Effective date—1998 c 105: See note following RCW 43.19.025.
Effective dates—Severability—1991 sp.s. c 13: See notes following RCW 18.08.240.
Intent—Effective date—1989 c 419: See notes following RCW 4.92.006.