48.164.045 - Composition of association. - Washington Statutes

Composition of association. (Expires December 31, 2016.)

(1) The association is composed of all insurers that have a certificate of authority to write either casualty or property insurance, or both, in this state. Every property or casualty insurer, or both, must be a member of the association as a condition of its authority to continue to transact business in this state.

     (2) The association has the general powers and limitations of a nonprofit corporation under chapter 24.03 RCW and of an insurance company under Title 48 RCW, as needed to transact its business.

     (3) To the extent consistent with this chapter, the association and its member insurers are "persons" under chapter 48.30 RCW.

[2010 c 230 § 6.]