RCW 48.29.130
106 words·~1 min read·
/wa/title-48/chapter-48-29/48-29-130·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A domestic title insurer shall invest its funds as follows:
(1)Funds in an amount not less than its reserve required by RCW 48.29.120 must be kept invested in investments eligible for domestic life insurers.
(2)Other funds may be invested in:
(a)The insurer's plant and equipment, up to a maximum of fifty percent of capital plus surplus.
(b)Stocks and bonds of abstract companies when approved by the commissioner.
(c)Investments eligible for the investment of funds of any domestic insurer.
[ 2005 c 223 s 17 ; 1967 c 150 s 30 ; 1947 c 79 s .29.13; Rem. Supp. 1947 s 45.29.13.]