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§ 48-155-030 — Washington Law | CourtGPT
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  5. Chapter 48.155 - Health Care Discount Plan Organization Act.48.155.001 - Short Title/
  6. § 48-155-030
Washington Legal Code

§ 48-155-030

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RCW 48.155.030Minimum net worth.(1) Except under subsection (3) of this section, before the commissioner issues a license to any person required to obtain a license under RCW 48.155.020, the person seeking to operate a discount plan organization must have a net worth of at least one hundred fifty thousand dollars.(2) At all times, except under subsection (3) of this section, each discount plan organization must maintain a net worth of at least one hundred fifty thousand dollars.(3) By rule of the commissioner, the amounts in subsections (1) and (2) of this section may be adjusted annually for inflation.[ 2009 c 175 s 6.]