2005 Washington Revised Code RCW 48.92.120: Agents, brokers, solicitors — License required.
(1) A person may not act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state from a risk retention group unless the person is licensed as an insurance agent or broker for casualty insurance in accordance with chapter
48.17 RCW and pays the fees designated for the license under RCW
48.14.010.
(2)(a) A person may not act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state for a purchasing group from an authorized insurer or a risk retention group chartered in a state unless the person is licensed as an insurance agent or broker for casualty insurance in accordance with chapter
48.17 RCW and pays the fees designated for the license under RCW
48.14.010.
(b) A person may not act or aid in any manner in soliciting, negotiating, or procuring liability insurance coverage in this state for a member of a purchasing group under a purchasing group's policy unless the person is licensed as an insurance agent or broker for casualty insurance in accordance with chapter
48.17 RCW and pays the fees designated for the license under RCW
48.14.010.
(c) A person may not act or aid in any manner in soliciting, negotiating, or procuring liability insurance from an insurer not authorized to do business in this state on behalf of a purchasing group located in this state unless the person is licensed as a surplus lines broker in accordance with chapter
48.15 RCW and pays the fees designated for the license under RCW
48.14.010.
(3) For purposes of acting as an agent or broker for a risk retention group or purchasing group under subsections (1) and (2) of this section, the requirement of residence in this state does not apply.
(4) Every person licensed under chapters
48.15 and
48.17 RCW, on business placed with risk retention groups or written through a purchasing group, must inform each prospective insured of the provisions of the notice required under RCW
48.92.040(7) in the case of a risk retention group and RCW
48.92.090(2) in the case of a purchasing group.
[2005 c 223 § 31; 1993 c 462 § 101; 1987 c 306 § 12.]
| Severability -- Implementation -- 1993 c 462: See RCW
48.31B.901 and
48.31B.902.
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