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Washington · Through July 15, 2026

RCW 48.07.050: Directors—Qualifications—Removal.

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Where this section sits in the code
  1. Title 48
  2. Chapter 48.07

Not less than three-fourths of the directors of an incorporated domestic insurer shall be United States or Canadian citizens, and a majority of the board of directors of a mutual life insurer shall be residents of this state. The directors of a domestic insurer or domestic insurance holding corporation may be removed with cause by a vote of a majority of its voting capital stock or members (if a mutual insurer) at a valid meeting and said directors may be removed without cause by a vote of sixty-seven percent of its voting capital stock or members (if a mutual insurer) at a valid meeting.

Collected 2026-09-06T03:11:36Z. Source file · JSON

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