2009 Washington Code
Title 48 - Insurance
Chapter 48.30 - Unfair practices and frauds.
48.30.200 - Hypothecation of premium notes.
Hypothecation of premium notes.
It shall be unlawful for any insurer or its representative, or any insurance producer, to hypothecate, sell, or dispose of any promissory note, received in payment for any premium or part thereof on any contract of life insurance or of disability insurance applied for, prior to delivery of the policy to the applicant.
[2008 c 217 § 39; 1947 c 79 § .30.20; Rem. Supp. 1947 § 45.30.20.]
Notes: Severability -- Effective date -- 2008 c 217: See notes following RCW 48.03.020.
Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
