WAC 284-15-015: Procurement of insurance from an unauthorized insurer by an unlicensed person prohibited

Link to law: http://apps.leg.wa.gov/wac/default.aspx?cite=284-15-015
Published: 2015

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WACs > Title 284 > Chapter 284-15 > Section 284-15-015











284-15-010    

284-15-020







Agency filings affecting this section







WAC 284-15-015









Procurement of insurance from an unauthorized insurer by an unlicensed person prohibited.









(1) "Procured" as used in chapter 48.15 RCW and chapter 284-15 WAC means the act or acts necessary to obtain insurance coverage.
(2) A surplus line broker licensed under chapter 48.15 RCW must not assist a person in complying with the requirements of RCW 48.15.040 if the person:
(a) Is not licensed under chapter 48.15 RCW;
(b) Obtains insurance coverage from an unauthorized insurer; and
(c) Fails to procure the insurance coverage through a surplus line broker licensed under chapter 48.15 RCW.
This subsection applies without limitation to the services of a courtesy filer.
[Statutory Authority: RCW 48.02.060 and 48.15.015. WSR 13-17-049 (Matter No. R 2012-27), § 284-15-015, filed 8/14/13, effective 7/1/14.]
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