™Your Policy Risk Impact Agent
102 chapters · 2,150 sections in this title.
RCW 48.98.005 Definitions.
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Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter. (1) "Actuary" means a person who is a member in good standing of the American academy of actuaries. (2) "Insurer" means a person having a certificate of authority in this…
RCW 48.98.010 Requirements for managing general agent—License—Bond—Errors and omissions policy.
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(1) No person may act in the capacity of a managing general agent with respect to risks located in this state, for an insurer authorized by this state, unless that person is licensed in this state as an insurance producer, under chapter 48.17 RCW, for the lines of insurance invol…
RCW 48.98.015 Contract required between a managing general agent and an insurer—Minimum provisions.
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A managing general agent may not place business with an insurer unless there is in force a written contract between the managing general agent and the insurer that sets forth the responsibilities of each party and, where both parties share responsibility for a particular function…
RCW 48.98.020 Requirements for insurer—Audit, loss reserves, and on-site review of managing general agent—Notice to commissioner—Quarterly review of books and records—Board of director.
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(1) The insurer shall have on file an independent audited financial statement, in a form acceptable to the commissioner, of each managing general agent with which it is doing or has done business. (2) If a managing general agent establishes loss reserves, the insurer shall annual…
