For purposes of WAC 284-13-520 through 284-13-538, liabilities means the assuming insurer's gross liabilities attributable to reinsurance ceded by United States domiciled insurers excluding liabilities that are otherwise secured by acceptable means, and, must include:

1. (1) For business ceded by domestic insurers authorized to write accident and disability, and property and casualty insurance:

   1. (a) Losses and allocated loss expenses paid by the ceding insurer, recoverable from the assuming insurer;
   2. (b) Reserves for losses reported and outstanding;
   3. (c) Reserves for losses incurred but not reported;
   4. (d) Reserves for allocated loss expenses; and
   5. (e) Unearned premiums.

2. (2) For business ceded by domestic insurers authorized to write life, disability and annuity insurance:

   1. (a) Aggregate reserves for life policies and contracts net of policy loans and net due and deferred premiums;
   2. (b) Aggregate reserves for accident and disability policies;
   3. (c) Deposit funds and other liabilities without life or disability contingencies; and
   4. (d) Liabilities for policy and contract claims.

[Statutory Authority: RCW 48.02.060, 48.12.480; 2021 c 139 § 2 and 2021 c 138 § 4. WSR 21-20-042 (Matter R 2021-05), § 284-13-536, filed 9/27/21, effective 1/1/22. Statutory Authority: RCW 48.02.060, 48.12.430 (1)(b) and (c), (3)(b), (4), (5), 48.12.480, and 2015 c 63. WSR 15-24-126 (Matter No. R 2015-09), § 284-13-536, filed 12/2/15, effective 1/2/16.]