§ 48.97.020 — Relationship between producer and controlled insurer—Producer's duty to disclose—Subproducers.

Washington § 48.97.020

• Jurisdiction: Washington
• Title 48: INSURANCE
• Ch. 48.97: PRODUCER-CONTROLLED PROPERTY AND CASUALTY INSURER ACT

Text

The producer, before the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer, except that, if the business is placed through a subproducer who is not a controlling producer, the controlling producer shall retain in his or her records a signed commitment from the subproducer that the subproducer is aware of the relationship between the insurer and the producer and that the subproducer has notified or will notify the insured.

Severability — Effective date — 2008 c 217: See notes following RCW 48.03.020 .

Legislative History

[2008 c 217 s 77;1993 c 462 s 20.]