{"data":{"id":"us-wa/rcw-48.44.550","jurisdiction":"us-wa","citation":"RCW 48.44.550","heading":"Material nonrenewals, cancellations, or revisions of ceded reinsurance agreements.","body":"(1) No nonrenewals, cancellations, or revisions of ceded reinsurance agreements need be reported under RCW 48.44.530 if the nonrenewals, cancellations, or revisions are not material. For purposes of RCW 48.44.530 through 48.44.555, a material nonrenewal, cancellation, or revision is one that affects:\n(a) More than fifty percent of a health care service contractor's total reserve credit taken for business ceded, on an annualized basis, as indicated in the health care service contractor's most recent annual statement;\n(b) More than ten percent of a health care service contractor's total cession when it is replaced by one or more unauthorized reinsurers; or\n(c) Previously established collateral requirements, when they have been reduced or waived as respects one or more unauthorized reinsurers representing collectively more than ten percent of a total cession.\n(2) However, a filing is not required if a health care service contractor's total reserve credit taken for business ceded represents, on an annualized basis, less than ten percent of the statutory reserve requirement prior to any cession.","path":["Title 48","Chapter 48.44"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=48.44.550","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T01:25:47Z","sha256":"3768be49c9daff1043a827394596614adfeb7796ec07c0f3e708cda795945aff","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-48.44.545","next":"us-wa/rcw-48.44.555"},"notice":"GroundRules: Original legal text. Not legal advice."}