Washington § 48.31.100 Foreign or alien insurers—Conservation, ancillary proceedings.

Washington Statutes

§ 48.31.100 — Foreign or alien insurers—Conservation, ancillary proceedings.

Washington § 48.31.100

Title 48INSURANCE

Ch. 48.31MERGERS, REHABILITATION, LIQUIDATION, SUPERVISION

This text of Washington § 48.31.100 (Foreign or alien insurers—Conservation, ancillary proceedings.) 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 § 48.31.100 (2026).

Text

(1)An order to conserve the assets of a foreign or alien insurer must direct the commissioner immediately to take possession of the property of the insurer within this state and to conserve it, subject to the further direction of the court.

(2)Whenever a domiciliary receiver is appointed for a foreign or alien insurer in its domiciliary state that is also a reciprocal state, as defined in RCW 48.99.010 , the court shall on application of the commissioner appoint the commissioner as the ancillary receiver in this state, subject to the provisions of the uniform insurers liquidation act.

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(1) An order to conserve the assets of a foreign or alien insurer must direct the commissioner immediately to take possession of the property of the insurer within this state and to conserve it, subject to the further direction of the court.

(2) Whenever a domiciliary receiver is appointed for a foreign or alien insurer in its domiciliary state that is also a reciprocal state, as defined in RCW 48.99.010 , the court shall on application of the commissioner appoint the commissioner as the ancillary receiver in this state, subject to the provisions of the uniform insurers liquidation act.