§ 48.31B.005 Definitions
§ 48.31B.010 Domestic insurer may acquire subsidiaries — Authorized investments — Insurer ceases to control subsidiary — Disposal of investment
§ 48.31B.015 Control of insurer — Acquisition, merger, or exchange — Preacquisition notification — Divestment of controlling interest — Jurisdiction of courts
§ 48.31B.020 Acquisition of insurer — Change in control — Definitions — Exemptions — Competition — Preacquisition notification — Violations — Penalties
§ 48.31B.025 Registration with commissioner — Information required — Rule making — Disclaimer of affiliation — Annual enterprise risk report — Failure to file
§ 48.31B.030 Insurer subject to registration — Standards for transactions within a holding company system — Extraordinary dividends or distributions — Insurer’s surplus — Officers and directors
§ 48.31B.035 Examination of insurers — Commissioner may order production of information — Failure to comply — Costs of examination
§ 48.31B.036 Internationally active insurance groups — Group-wide supervision — Commissioner’s authority and duties — Costs
§ 48.31B.037 Commissioner may participate in a supervisory college — Purposes — Costs
§ 48.31B.038 Confidentiality of certain documents, materials, or other information — Permitted uses
§ 48.31B.040 Rule making
§ 48.31B.045 Violations of chapter — Commissioner may seek superior court order
§ 48.31B.050 Violations of chapter — Fines — Civil forfeitures — Orders — Referral to prosecuting attorney — Imprisonment — Orders of supervision
§ 48.31B.055 Violations of chapter — Impairment of financial condition — Commissioner may take possession
§ 48.31B.060 Order for liquidation or rehabilitation — Recovery of distributions or payments — Personal liability — Maximum amount recoverable
§ 48.31B.065 Violations of chapter — Contrary to interests of policyholders or the public — Suspension, revocation, or nonrenewal of license
§ 48.31B.070 Person aggrieved by actions of commissioner
§ 48.31B.900 Short title
§ 48.31B.901 Severability — 1993 c 462
§ 48.31B.902 Implementation — 1993 c 462
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Terms Used In Washington Code > Chapter 48.31B - Insurer holding company act

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • 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
  • 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.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • 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.
  • 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.
  • 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.
  • Quorum: The number of legislators that must be present to do business.
  • 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.
  • Sequester: To separate. Sometimes juries are sequestered from outside influences during their deliberations.
  • 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.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.