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284-201-220  <<  284-201-230 >>   284-201-240

PDFWAC 284-201-230

Insurance limitations.

(1) For Washington risks, a registered eligible captive insurer may provide only property and casualty insurance, and may provide such insurance to only a captive owner, to the captive owner's other affiliates, or both, unless it places the insurance through a surplus lines broker pursuant to chapter 48.15 RCW.
(a) A registered eligible captive insurer may not provide stop loss insurance as defined in RCW 48.11.030 or 48.21.015.
(b) A registered eligible captive insurer may not provide workers' compensation coverage subject to Title 51 RCW that directly covers the worker. A registered eligible captive insurer may indemnify a self-insured employer for their state workers' compensation liability.
(2) A registered eligible captive insurer may assume risks from other insurers as a reinsurer without regard to the limitations in subsection (1) of this section.
[Statutory Authority: RCW 48.02.060 (3)(a) and 48.201.060. WSR 21-23-078, ยง 284-201-230, filed 11/15/21, effective 12/21/21.]
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