48.31C.100 - Violations of chapter--Impairment of financial condition.

Violations of chapter — Impairment of financial condition.

Whenever it appears to the commissioner that a person has committed a violation of this chapter that so impairs the financial condition of a domestic health carrier as to threaten insolvency or make the further transaction of business by it hazardous to its subscribers or the public, the commissioner may proceed as provided in RCW 48.31.030 and 48.31.040 to take possession of the property of the domestic health carrier and to conduct the business of the health carrier.

[2001 c 179 § 10.]