Section 21.80.110. Prevention of insolvencies.  


Latest version.
  • The board of governors may
            (1) upon a majority vote, make recommendations to the director regarding matters generally related to improving or enhancing regulation for insurer solvency; or
            (2) at the conclusion of an insurer insolvency in which the association was obligated to pay covered claims, prepare a report on the history and causes of the insolvency, based on the information available to the association, and submit this report to the director.

Notes


History

(Sec. 1 ch 121 SLA 1970; am Sec. 14 ch 39 SLA 2000)