Washington Code 48.36A.280 – Examinations
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(1) The commissioner, or any person the commissioner may appoint, may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in this state in the same manner as authorized by chapter 48.03 RCW. Requirements of notice and an opportunity to respond before findings are made public as provided in the laws regulating insurers shall also be applicable to the examination of societies.
Terms Used In Washington Code 48.36A.280
- Laws: means the society's articles of incorporation, constitution, and bylaws, however designated. See Washington Code 48.36A.040
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
- Society: means fraternal benefit society, unless otherwise indicated. See Washington Code 48.36A.040
(2) The expense of each examination and of each valuation, including the compensation and actual expense of examiners, shall be paid by the society examined or whose certificates are valued. The payments shall be made upon receipt of statements furnished by the commissioner.
[ 1987 c 366 § 28.]