Washington Statutes
§ 48.05.370 — Fiduciary relationship to insurer of officers, directors or corporation holding controlling interest.
Washington § 48.05.370
This text of Washington § 48.05.370 (Fiduciary relationship to insurer of officers, directors or corporation holding controlling interest.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 48.05.370 (2026).
Text
Officers and directors of an insurer or a corporation holding a controlling interest in an insurer shall be deemed to stand in a fiduciary relation to the insurer, and shall discharge the duties of their respective positions in good faith, and with that diligence, care and skill which ordinary prudent persons would exercise under similar circumstances in like positions.
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Related
Senn v. Northwest Underwriters, Inc.
875 P.2d 637 (Court of Appeals of Washington, 1994)
Joe W. Trimm Et Ano, V. Starbucks Corporation
(Court of Appeals of Washington, 2025)
Legislative History
[2009 c 549 s 7020;1969 ex.s. c 241 s 1.]
Nearby Sections
15
§ 48.01.010
Short title.§ 48.01.020
Scope of code.§ 48.01.030
Public interest.§ 48.01.035
"Developmental disability" defined.§ 48.01.040
"Insurance" defined.§ 48.01.050
"Insurer" defined.§ 48.01.053
"Issuer" defined.§ 48.01.060
"Insurance transaction" defined.§ 48.01.070
"Person" defined.§ 48.01.080
Penalties.§ 48.01.100
Existing officers.§ 48.01.110
Existing licenses.§ 48.01.120
Existing insurance forms.§ 48.01.130
Existing actions, violations.§ 48.01.140
Headings.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 48.05.370, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/48.05.370.