Washington § 48.16.060 Transfer of securities.

Washington Statutes

§ 48.16.060 — Transfer of securities.

Washington § 48.16.060

Title 48INSURANCE

Ch. 48.16DEPOSITS OF INSURERS

This text of Washington § 48.16.060 (Transfer of securities.) 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 § 48.16.060 (2026).

Text

(1)No transfer of any funds or security so held on deposit, whether voluntary or by operation of law, shall be valid unless approved in writing by the commissioner.

(2)A statement of each such transfer shall be entered on the records of the commissioner or designated depositary, showing the name of the insurer from whose deposit such transfer is made, the name of the transferee, and the par value of the securities so transferred. Effective date — Supervision of transfer — 1955 c 86: See notes following RCW 48.05.080 .

Free access — add to your briefcase to read the full text and ask questions with AI

(1) No transfer of any funds or security so held on deposit, whether voluntary or by operation of law, shall be valid unless approved in writing by the commissioner.

(2) A statement of each such transfer shall be entered on the records of the commissioner or designated depositary, showing the name of the insurer from whose deposit such transfer is made, the name of the transferee, and the par value of the securities so transferred.

Effective date — Supervision of transfer — 1955 c 86: See notes following RCW 48.05.080 .