# WAC 284-13-520: WAC 284-13-520. Credit for reinsurance — Certain reinsurers maintaining trust funds

> Washington · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_284_13_520

## Section

- **Citation:** WAC 284-13-520
- **Heading:** WAC 284-13-520. Credit for reinsurance — Certain reinsurers maintaining trust funds
- **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 284-13-520

## Text

Under RCW 48.12.425 , the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer which, as of any date on which statutory financial statement credit for reinsurance is claimed, and thereafter for so long as credit for reinsurance is claimed, maintains a trust fund in an amount prescribed in WAC 284-13-530 through 284-13-538 in a qualified United States financial institution as defined in RCW 48.12.465 (2), for the payment of the valid claims of its United States domiciled ceding insurers, their assigns and successors in interest. The assuming insurer must report annually to the commissioner substantially the same information as that required to be reported on the NAIC annual statement form by licensed insurers, to enable the commissioner to determine the sufficiency of the trust fund.

## 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_520. Check the current official text before relying on it. Not legal advice.