A rental car insurance producer is not required to treat moneys collected from renters purchasing rental car insurance as funds received in a fiduciary capacity, if:
(1) The charges for rental car insurance coverage are itemized and ancillary to a rental transaction; and
(2) The insurer has consented in writing, signed by an officer of the insurer, that premiums need not be segregated from funds received by the rental car insurance producer.
[ 2008 c 217 s 93; 2002 c 273 s 9.]
Notes:
Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.