284-15-010  <<  284-15-015 >>   284-15-020

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), ยง 284-15-015, filed 8/14/13, effective 7/1/14.]
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