Washington Code 48.30.070 – Advertising of financial condition
Current as of: 2023 | Check for updates
|
Other versions
(1) Every advertisement by or on behalf of any insurer purporting to show its financial condition may be in a condensed form but shall in substance correspond with the insurer’s last verified statement filed with the commissioner.
Terms Used In Washington Code 48.30.070
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
(2) No insurer or person in its behalf shall advertise assets except those actually owned and possessed by the insurer in its own exclusive right, available for the payment of losses and claims, and held for the protection of its policyholders and creditors.
[1947 c 79 § .30.07; Rem. Supp. 1947 § 45.30.07.]