Washington Life and Disability Insurance Guaranty Association Act (coverage, limits, assessments, prohibited advertising)

What this document is

Chapter 48.32A RCW - Washington Life and Disability Insurance Guaranty Association Act (coverage, limits, assessments, prohibited advertising) is a state statute published by app.leg.wa.gov. It is one of the Washington documents that insurance license exam questions are written from, including washington life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• RCW tit. 48 § 48.32A.075(8) (Powers and duties of the association)

  “If the association fails to act within a reasonable period of time with respect to an insolvent insurer, as provided in subsection (2) of this section, the commissioner has the powers and duties of the association under this chapter with respect to the insolvent insurer.”

• RCW tit. 48 § 48.32A.025(2)(b) (Coverage and limitations, exclusions from coverage)

  “(b) Except as provided in (c) of this subsection, this chapter does not provide coverage for: (i) A portion of a policy or contract not guaranteed by the member insurer, or under which the risk is borne by the policy or contract owner; (ii) A policy or contract of reinsurance, unless assumption...”

• RCW tit. 48 § 48.32A.185(1) (Prohibited advertisement of insurance guaranty association act in insurance sales)

  “No person, including a member insurer, agent, or affiliate of a member insurer may make, publish, disseminate, circulate, or place before the public, or cause directly or indirectly, to be made, published, disseminated, circulated, or placed before the public, in any newspaper, magazine, or other...”

• RCW tit. 48 § 48.32A.025(1)(b) (Coverage and limitations, persons covered)

  “(b) To persons who are owners of or certificate holders or enrollees under the policies or contracts, other than unallocated annuity contracts and structured settlement annuities, and in each case who: (i) Are residents; or (ii) Are not residents, but only under all of the following conditions: (A)...”

• RCW tit. 48 § 48.32A.075(2)(b)(iv)(B) (Powers and duties of the association, substitute coverage)

  “(B) Substituted coverage must be offered without requiring evidence of insurability, and may not provide for any waiting period or exclusion that would not have applied under the terminated policy or contract;”

• RCW 48.32A.025(3)

  “(3) The benefits that the association may become obligated to cover shall in no event exceed the lesser of: (a) The contractual obligations for which the member insurer is liable or would have been liable if it were not an impaired or insolvent insurer; or (b)(i) With respect to one life,...”

• RCW 48.32A.185(2)

  “(2) The association shall prepare a summary document describing the general purposes and current limitations of this chapter and complying with subsection (3) of this section. This summary document must be submitted to the commissioner for approval. The summary document must also be available upon...”

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Questions about this source

More Washington sources

• RCW Title 48, Chapter 48.30 - Unfair Practices and Frauds (selected sections 48.30.010-48.30.155)State statute
• RCW Title 48, Chapter 48.17 - Insurance Producers, Title Insurance Agents and Adjusters (selected sections 48.17.060-48.17.600)State statute
• Chapter 48.05 RCW - Authorization of Insurers and General Requirements (certificate of authority, admission, deposits, discipline)State statute
• Chapter 48.22 RCW - Casualty Insurance (personal injury protection, underinsured and hit-and-run motorist coverage, assigned risk plans)State statute
• Chapter 48.02 RCW - Insurance Commissioner (broad powers, rule-making, orders, hearings and enforcement)State statute
• Chapter 48.20 RCW - Disability Insurance (individual accident and health policy provisions, required and optional provisions)State statute
• Chapter 48.03 RCW - Examinations (examination of the affairs and records of insurers and licensees)State statute
• Chapter 48.01 RCW - General Provisions (scope, and the definitions of insurance, insurer, insurance transaction and the public interest)State statute