§ 48.13.005 Purpose — Application
§ 48.13.009 Definitions
§ 48.13.021 Minimum financial security benchmark — Determination of amount
§ 48.13.031 Investment of funds — Board of directors — Judgment and care — Internal controls and procedures
§ 48.13.041 Determining whether an investment portfolio or investment policy is prudent
§ 48.13.051 Written investment policy required — Annual review — Contents
§ 48.13.061 Classes of investments — Description — Rules
§ 48.13.071 Limitations on investments — Special rules for certain investments
§ 48.13.081 Investments in securities of different currencies
§ 48.13.091 Prohibited investments
§ 48.13.101 Satisfaction of the minimum asset requirement — When assets may be counted
§ 48.13.111 Commissioner’s powers — Requirements of persons subject to regulation
§ 48.13.121 Commissioner may retain experts — Insurer’s expense
§ 48.13.131 When investment practices are not in compliance — Commissioner’s authority
§ 48.13.141 Aggrieved insurer — Request for hearing
§ 48.13.151 Confidentiality of investment policy information
§ 48.13.161 Chapter prevails over other statutes — Valuation of assets
§ 48.13.171 Rule making — Special investment restrictions
§ 48.13.350 Written record of investments — Contents
§ 48.13.360 Investments of foreign and alien insurers
§ 48.13.450 Safeguarding securities — Definitions
§ 48.13.455 Safeguarding securities — Deposit in a clearing corporation — Certificates — Records
§ 48.13.460 Safeguarding securities — Authorized methods of holding securities
§ 48.13.465 Safeguarding securities — Requirement to receive a confirmation
§ 48.13.470 Safeguarding securities — Broker executing a trade — Time limits
§ 48.13.475 Safeguarding securities — Maintenance with a custodian — Commissioner may order transfer — Challenge to order — Standing at hearing or for judicial review
§ 48.13.480 Safeguarding securities — Insurance company’s securities — Written agreement with custodian — Required terms
§ 48.13.490 Safeguarding securities — Rules
§ 48.13.900 Effective date — 2011 c 188

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Washington Code > Chapter 48.13 - Investments

  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.