# WAC 284-13-517: WAC 284-13-517. Credit for reinsurance — Reinsurer domiciled in another state

> Washington · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_517

## Section

- **Citation:** WAC 284-13-517
- **Heading:** WAC 284-13-517. Credit for reinsurance — Reinsurer domiciled in another state
- **Jurisdiction:** Washington
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Administrative Code / Title 284 / Chapter 284-13 / Section 284-13-517

## Text

(1) Under RCW 48.12.420 , the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that as of any date on which statutory financial statement credit for reinsurance is claimed:
(a) Is domiciled in, or in the case of a United States branch of an alien assuming insurer is entered through, a state that employs standards regarding credit for reinsurance substantially similar to those applicable under RCW 48.12.400 through 48.12.499 , and WAC 284-13-500 through 284-13-590 ;
(b) Maintains a surplus as regards policyholders in an amount not less than twenty million dollars; and
(c) Files a properly executed Form AR-1 with the commissioner as evidence of its submission to this state's authority to examine its books and records.
(2) The provisions of this section relating to surplus as regards policyholders does not apply to reinsurance ceded and assumed under pooling arrangements among insurers in the same holding company system. As used in this section, "substantially similar" standards means credit for reinsurance standards that the commissioner determines equal or exceed the standards of RCW 48.12.400 through 48.12.499 , and WAC 284-13-500 through 284-13-590 .

## Nearby sections

- [WAC 284-13-160 WAC 284-13-160. Definition of "earned surplus."](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_160.md)
- [WAC 284-13-210 WAC 284-13-210. Valuation of bonds](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_210.md)
- [WAC 284-13-220 WAC 284-13-220. Valuation of other securities](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_220.md)
- [WAC 284-13-280 WAC 284-13-280. Real estate appraisals](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_280.md)
- [WAC 284-13-500 WAC 284-13-500. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_500.md)
- [WAC 284-13-503 WAC 284-13-503. Severability clause](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_503.md)
- [WAC 284-13-510 WAC 284-13-510. Credit for reinsurance — Reinsurer holding certificate of authority in this state](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_510.md)
- [WAC 284-13-516 WAC 284-13-516. Credit for reinsurance — Accredited reinsurers](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_516.md)
- [WAC 284-13-517 WAC 284-13-517. Credit for reinsurance — Reinsurer domiciled in another state](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_517.md)
- [WAC 284-13-520 WAC 284-13-520. Credit for reinsurance — Certain reinsurers maintaining trust funds](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_520.md)
- [WAC 284-13-530 WAC 284-13-530. Credit for reinsurance — Certain alien reinsurers maintaining trust funds — Single alien insurer](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_530.md)
- [WAC 284-13-531 WAC 284-13-531. Credit for reinsurance — Certain alien reinsurers maintaining trust funds — Assuming insurer discontinuing business](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_531.md)
- [WAC 284-13-532 WAC 284-13-532. Credit for reinsurance — Certain alien reinsurers maintaining trust funds — Group of incorporated and individual unincorporated underwriters](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_532.md)
- [WAC 284-13-533 WAC 284-13-533. Credit for reinsurance — Certain alien reinsurers maintaining trust funds — Group of incorporated insurers under common administration](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_533.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_517. Check the current official text before relying on it. Not legal advice.