Washington § 48.06.160 Insurance applications—Mutual and reciprocal insurers.

Washington Statutes

§ 48.06.160 — Insurance applications—Mutual and reciprocal insurers.

Washington § 48.06.160

Title 48INSURANCE

Ch. 48.06ORGANIZATION OF DOMESTIC INSURERS

This text of Washington § 48.06.160 (Insurance applications—Mutual and reciprocal insurers.) 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 § 48.06.160 (2026).

Text

All applications for insurance obtained in forming a mutual or reciprocal insurer shall provide that:

(1)Issuance of the policy is contingent upon completion of organization of the insurer and issuance to it of a certificate of authority; and

(2)the prepaid premium or deposit will be refunded in full to the applicant if the organization is not completed and certificate of authority issued prior to the solicitation permit's date of expiration; and

(3)the agreement for insurance is not effective until a policy has been issued under it.

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All applications for insurance obtained in forming a mutual or reciprocal insurer shall provide that:

(1) Issuance of the policy is contingent upon completion of organization of the insurer and issuance to it of a certificate of authority; and

(2) the prepaid premium or deposit will be refunded in full to the applicant if the organization is not completed and certificate of authority issued prior to the solicitation permit's date of expiration; and

(3) the agreement for insurance is not effective until a policy has been issued under it.