48.164.025 - Amounts of coverage authorized. - Washington Statutes

Amounts of coverage authorized. (Expires December 31, 2016.)

(1) The association may offer policies only as follows:

     (a) The coverage of any one policy may not exceed five million dollars; and

     (b) The total amount of all coverage offered by the association may never exceed two hundred fifty million dollars.

     (2) The board, jointly with the commissioner, shall apportion policies within these limitations on an equitable basis.

[2010 c 230 § 4.]