# RCW 48.32.040: RCW 48.32.040: Creation of the association—Required accounts

> Washington · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S040

## Section

- **Citation:** RCW 48.32.040
- **Heading:** RCW 48.32.040: Creation of the association—Required accounts
- **Jurisdiction:** Washington
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Washington Code / Title 48 / Chapter 32 / Section 040

## Text

There is hereby created a nonprofit unincorporated legal entity to be known as the Washington insurance guaranty association. All insurers defined as member insurers in RCW 48.32.030 shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under RCW 48.32.070 and shall exercise its powers through a board of directors established under RCW 48.32.050 . For purposes of administration and assessment, the association shall be divided into three separate accounts: (1) The automobile insurance account; (2) the account for longshore and harbor workers' compensation act insurance; and (3) the account for all other insurance to which this chapter applies.

## Nearby sections

- [RCW 48.32.010 RCW 48.32.010: Purpose.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S010.md)
- [RCW 48.32.020 RCW 48.32.020: Scope.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S020.md)
- [RCW 48.32.030 RCW 48.32.030: Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S030.md)
- [RCW 48.32.040 RCW 48.32.040: Creation of the association—Required accounts.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S040.md)
- [RCW 48.32.050 RCW 48.32.050: Board of directors.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S050.md)
- [RCW 48.32.060 RCW 48.32.060: Powers and duties of the association.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S060.md)
- [RCW 48.32.070 RCW 48.32.070: Plan of operation.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S070.md)
- [RCW 48.32.080 RCW 48.32.080: Duties and powers of the commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S080.md)
- [RCW 48.32.090 RCW 48.32.090: Effect of paid claims.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S090.md)
- [RCW 48.32.100 RCW 48.32.100: Nonduplication of recovery.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S100.md)
- [RCW 48.32.110 RCW 48.32.110: Prevention of insolvencies.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S110.md)
- [RCW 48.32.120 RCW 48.32.120: Examination of the association.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S120.md)
- [RCW 48.32.130 RCW 48.32.130: Tax exemption.](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S130.md)
- [RCW 48.32.145 RCW 48.32.145: Credit against premium tax for assessments paid pursuant to RCW 48.32.060(1)(c).](https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S145.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_T48_C32_S040. Check the current official text before relying on it. Not legal advice.