§ 48.31.010 Merger or consolidation
§ 48.31.020 Definitions — Insurer, exceeded its powers, consent
§ 48.31.021 Insurer — Self-funded multiple employer welfare arrangement
§ 48.31.025 Confidentiality of documents, materials, or other information — Commissioner’s capacity as a receiver
§ 48.31.030 Rehabilitation — Grounds
§ 48.31.040 Rehabilitation — Order — Termination
§ 48.31.045 Rehabilitation order against insurer — Insurer is party to action or proceeding — Stay the action — Statute of limitations or defense of laches
§ 48.31.050 Liquidation — Grounds
§ 48.31.060 Liquidation — Order
§ 48.31.070 Liquidation — Alien insurers
§ 48.31.080 Conservation of assets — Foreign insurers
§ 48.31.090 Conservation of assets — Alien insurers
§ 48.31.100 Foreign or alien insurers — Conservation, ancillary proceedings
§ 48.31.105 Conduct of proceedings — Requirement to cooperate — Definitions — Violations — Penalties
§ 48.31.111 Commencement of delinquency proceeding by commissioner — Jurisdiction of courts
§ 48.31.115 Immunity from suit and liability — Persons entitled to protection
§ 48.31.121 Court order for a formal delinquency proceeding — Commissioner may petition — Insurer may petition for hearing and review
§ 48.31.125 Order of liquidation — Termination of coverage
§ 48.31.131 Appointment of liquidator — Actions at law or equity — Statute of limitations or defense of laches
§ 48.31.135 Recovery from reinsurers — Not reduced by delinquency proceedings — Direct payment to insured
§ 48.31.141 Responsibility for payment of a premium — Earned or unearned premium — Violations — Penalties — Rights of party aggrieved
§ 48.31.145 Liquidator denies claim — Written notice — Objections of claimant — Court hearing
§ 48.31.151 Creditor’s claim against insurer is secured by other person — Subrogated rights — Agreements concerning distributions
§ 48.31.155 Unclaimed funds — Liquidator’s application for discharge — Deposits with the department of revenue
§ 48.31.161 After termination of liquidation proceeding — Good cause to reopen proceedings
§ 48.31.165 Domiciliary receiver not appointed — Court order to liquidate — Notice — Domiciliary receiver appointed in other state
§ 48.31.171 Domiciliary liquidator — Reciprocal state — Nonreciprocal state — Commissioner’s duties
§ 48.31.175 Foreign or alien insurer — Property located in this state — Commissioner’s discretion
§ 48.31.181 Liquidation proceedings — One or more reciprocal states — Distributions — Special deposit claims — Secured claims
§ 48.31.184 Ancillary receiver in another state or foreign country — Failure to transfer assets
§ 48.31.185 Receiver’s proposal to disperse assets upon liquidation — Application for approval — Contents of proposal — Notice of application
§ 48.31.190 Commencement of proceeding — Venue — Effect of appellate review
§ 48.31.200 Injunctions
§ 48.31.210 Change of venue
§ 48.31.220 Deposit of moneys collected
§ 48.31.230 Exemption from filing fees
§ 48.31.240 Borrowing on pledge of assets
§ 48.31.260 Liquidation — Date rights, liabilities fixed
§ 48.31.270 Voidable transfers
§ 48.31.280 Priority and order of distribution of claims
§ 48.31.290 Offsets
§ 48.31.300 Allowance of contingent and other claims
§ 48.31.310 Time to file claims
§ 48.31.320 Report for assessment
§ 48.31.330 Levy of assessment
§ 48.31.340 Order for payment of assessment
§ 48.31.350 Publication, transmittal of assessment order
§ 48.31.360 Judgment upon the assessment
§ 48.31.400 Administrative supervision — Conditions — Notice and hearing
§ 48.31.405 Administrative supervision — Confidentiality
§ 48.31.410 Administrative supervision — Standards and procedures — Limitations on insurer
§ 48.31.415 Administrative supervision — Insurer may contest
§ 48.31.420 Administrative supervision — No limitation on judicial proceedings
§ 48.31.425 Administrative supervision — Commissioner contacts
§ 48.31.430 Administrative supervision — Chapters 48.04 and 34.05 RCW
§ 48.31.435 Administrative supervision — Rules
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Terms Used In Washington Code > Chapter 48.31 - Mergers, rehabilitation, liquidation, supervision

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Chambers: A judge's office.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
  • 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.
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • 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.
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trustee: A person or institution holding and administering property in trust.
  • Venue: The geographical location in which a case is tried.