Statutes > Washington Statutes > Title 48 - Insurance > 48.07 - Domestic insurers -- Powers. > 48.07.160 - Continuing operation in event of national emergency -- Declaration of purpose -- "Insurer" defined.

48.07.160 - Continuing operation in event of national emergency -- Declaration of purpose -- "Insurer" defined.

Continuing operation in event of national emergency — Declaration of purpose — "Insurer" defined. (Effective until January 1, 2011.)

It is desirable for the general welfare and in particular for the welfare of insurance beneficiaries, policyholders, claimants and others that the business of domestic insurers be continued notwithstanding the event of a national emergency. The purpose of this section and RCW 48.07.170 through 48.07.200 is to facilitate the continued operation of domestic insurers in the event that a national emergency is caused by an attack on the United States which is so disruptive of normal business and commerce in this state as to make it impossible or impracticable for a domestic insurer to conduct its business in accord with applicable provisions of law, its bylaws, or its charter. When used in this section and RCW 48.07.170 through 48.07.200 the word "insurer" includes a fraternal benefit society.

[1963 c 195 § 25.]

RCW 48.07.160

Continuing operation in event of emergency — Declaration of purpose — "Insurer" defined. (Effective January 1, 2011.)

It is desirable for the general welfare and in particular for the welfare of insurance beneficiaries, policyholders, claimants, subscribers, and others that the business of domestic insurers be continued notwithstanding the event of a local, state, or national emergency. The purpose of this section, RCW 48.07.170 through 48.07.200, and 48.07.203 is to facilitate the continued operation of domestic insurers in the event that a local, state, or national emergency is so disruptive of normal business and commerce as to make it impossible or impracticable for a domestic insurer to conduct its business in accord with applicable provisions of law, its bylaws, or its charter. When used in this section, RCW 48.07.170 through 48.07.200, and 48.07.203 the word "insurer" means the same as defined in RCW 48.01.053 [48.01.050].

[2009 c 150 § 1; 1963 c 195 § 25.]

Notes: Effective date -- 2009 c 150: "This act takes effect January 1, 2011." [2009 c 150 § 8.]