48.13.010 - Scope of chapter -- Eligible investments. - Washington Statutes

Scope of chapter — Eligible investments.

(1) Investments of domestic insurers shall be eligible to be held as assets only as prescribed in this chapter.

     (2) Any particular investment of a domestic insurer held by it on the effective date of this code and which was a legal investment immediately prior thereto, shall be deemed a legal investment hereunder.

     (3) The eligibility of an investment shall be determined as of the date of its making or acquisition.

     (4) Except as to RCW 48.13.360, this chapter applies only to domestic insurers.

[1973 c 151 § 2; 1947 c 79 § .13.01; Rem. Supp. 1947 § 45.13.01.]