Washington Statutes
§ 48.16.120 — Voluntary excess deposits.
Washington § 48.16.120
This text of Washington § 48.16.120 (Voluntary excess deposits.) 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 § 48.16.120 (2026).
Text
An insurer may deposit and maintain on deposit with the commissioner funds and eligible securities in amount exceeding its required deposit under this code by not more than one hundred thousand dollars, for the purpose of absorbing fluctuations in the value of securities held in its required deposit, and to facilitate the exchange and substitution of such required securities. During the solvency of the insurer any such excess deposit or any part thereof shall be released to it upon its request. During the insolvency of the insurer such excess deposit shall be released only as provided in RCW 48.16.100 .
Effective date — Supervision of transfer — 1955 c 86: See notes following RCW 48.05.080 .
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Related
§ 48.16.100
Washington § 48.16.100
§ 48.05.080
Washington § 48.05.080
Legislative History
[1955 c 86 s 11; 1947 c 79 s .16.12; Rem. Supp. 1947 s 45.16.12.]
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 § 48.16.120, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/48.16.120.