Officers and directors of an insurer or a corporation holding a controlling interest in an insurer shall be deemed to stand in a fiduciary relation to the insurer, and shall discharge the duties of their respective positions in good faith, and with that diligence, care and skill which ordinary prudent persons would exercise under similar circumstances in like positions.
RCW 48.05.370
Fiduciary relationship to insurer of officers, directors or corporation holding controlling interest.
Applied in 4 court decisions — leading case 74 Wash. App. 408 - Senn v. Northwest Underwriters, Inc. (1994)
Most recently applied in Annechino v. Worthy (June 2011)
2009 c 549 s 7020; 1969 ex.s. c 241 s 1.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.