Washington § 48.13.465 Safeguarding securities—Requirement to receive a confirmation.

Washington Statutes

§ 48.13.465 — Safeguarding securities—Requirement to receive a confirmation.

Washington § 48.13.465

Title 48INSURANCE

Ch. 48.13INVESTMENTS

This text of Washington § 48.13.465 (Safeguarding securities—Requirement to receive a confirmation.) 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 § 48.13.465 (2026).

Text

A domestic insurance company using the methods of holding securities under RCW 48.13.460 (2) or (3) is required to receive a confirmation from:

(1)The custodian whenever securities are received or surrendered pursuant to the domestic insurance company's instructions to a securities broker; or

(2)The securities broker provided that the domestic insurance company has given the custodian and the securities broker matching instructions authorizing the transaction, which have been confirmed by the custodian prior to surrendering funds or securities to conduct the transaction.

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A domestic insurance company using the methods of holding securities under RCW 48.13.460 (2) or (3) is required to receive a confirmation from:

(1) The custodian whenever securities are received or surrendered pursuant to the domestic insurance company's instructions to a securities broker; or

(2) The securities broker provided that the domestic insurance company has given the custodian and the securities broker matching instructions authorizing the transaction, which have been confirmed by the custodian prior to surrendering funds or securities to conduct the transaction.