The commissioner shall accept deposits of securities or funds by insurers as follows:
- (1) Deposits in amount as required to be made as prerequisite to a certificate of authority to transact insurance in this state.
- (2) Deposits of domestic or alien insurers in amount as required to be made by the laws of other states as prerequisite for authority to transact insurance in such other states.
- (3) Deposits in amounts as result from application of the retaliatory provision, RCW 48.14.040.
- (4) Deposits in other additional amounts permitted to be made by this code.
[ 1955 c 86 s 3; 1947 c 79 s .16.01; Rem. Supp. 1947 s 45.16.01.]
Notes:
Effective date—Supervision of transfer—1955 c 86: See notes following RCW 48.05.080.