Legal Opinion
Seattle-First National Bank v. Washington Insurance Guaranty Ass'n
Washington Supreme Court
Decided February 14, 1991No. 56376-4PublishedCited by 21 opinions
1Opinion of the CourtAndersen, J.
Facts of Case
This case involves "residual value insurance", a relatively new and highly specialized type of business-related insurance. At issue is whether the trial court properly characterized residual value insurance as surety insurance that is not protected by the Washington Insurance Guaranty Association Act, RCW 48.32. We hold that the trial court erred, and reverse and remand.
In August 1981, Seattle First National Bank (Sea-First) purchased a "Residual Value Protection Plan" from Integrity Insurance Company (Integrity) of Paramus, New Jersey. According to this agreement, Sea-First…
2Cases cited11 opinions
- State v. LeachWashington Supreme Court · 1989
- State v. SommervilleWashington Supreme Court · 1988
- Hemenway v. MillerWashington Supreme Court · 1991
- Queets Band of Indians v. StateWashington Supreme Court · 1984
- Prutzman v. ArmstrongWashington Supreme Court · 1978
6 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Tradewell Group, Inc. v. MavisCourt of Appeals of Washington · 1993
- Deep Water Brewing v. Fairway Resources Ltd.Court of Appeals of Washington · 2009
- Deep Water Brewing, LLC v. Fairway Resources Ltd.Court of Appeals of Washington · 2009
- Boguch v. Landover Corp.Court of Appeals of Washington · 2009
- Boguch v. Landover Corp.Court of Appeals of Washington · 2009
16 more not listed; retrieve them via the Exa API.