48.05.060 "Capital funds" defined.

WA Rev Code § 48.05.060 (2019) (N/A)
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RCW 48.05.060 "Capital funds" defined.

"Capital funds" means the excess of the assets of an insurer over its liabilities. Capital stock, if any, shall not be deemed to be a liability for the purposes of this section.

[1947 c 79 § .05.06; Rem. Supp. 1947 § 45.05.06.]