Washington § 48.13.470 Safeguarding securities—Broker executing a trade—Time limits.

Washington Statutes

§ 48.13.470 — Safeguarding securities—Broker executing a trade—Time limits.

Washington § 48.13.470

Title 48INSURANCE

Ch. 48.13INVESTMENTS

This text of Washington § 48.13.470 (Safeguarding securities—Broker executing a trade—Time limits.) 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 § 48.13.470 (2026).

Text

(1)A broker executing a securities trade pursuant to an order from a domestic insurance company shall send confirmation to the domestic insurance company or the clearing corporation confirming the order has been executed within twenty-four hours after order completion.

(2)A broker may not hold in its own account for longer than seventy-two hours any securities bought or sold pursuant to an order from a domestic insurance company.

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(1) A broker executing a securities trade pursuant to an order from a domestic insurance company shall send confirmation to the domestic insurance company or the clearing corporation confirming the order has been executed within twenty-four hours after order completion.

(2) A broker may not hold in its own account for longer than seventy-two hours any securities bought or sold pursuant to an order from a domestic insurance company.