RCW 48.46.625: Report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreements

RCWs > Title 48 > Chapter 48.46 > Section 48.46.625

These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

48.46.620 << 48.46.625 >> 48.46.900

PDFRCW 48.46.625

Report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreements—Information required.

The following is required to be disclosed in any report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreements:

(1) The effective date of the nonrenewal, cancellation or revision;

(2) The description of the transaction with an identification of the initiator;

(3) The purpose of or reason for the transaction; and

(4) If applicable, the identity of the replacement reinsurers.

[ 1995 c 86 § 24.]