RCW 48.17.160
Appointment of
agents -- Revocation -- Expiration -- Renewal. (Effective until July
1, 2009.)
(1) Each insurer on appointing an agent in this state
shall file written notice thereof with the commissioner on forms
as prescribed and furnished by the commissioner, and shall pay
the filing fee therefor as provided in RCW 48.14.010. The
commissioner shall return the appointment of agent form to the
insurer for distribution to the agent. The commissioner may
adopt regulations establishing alternative appointment procedures
for individuals within licensed firms, corporations, or sole
proprietorships who are empowered to exercise the authority
conferred by the firm, corporate, or sole proprietorship license.
(2) Each appointment shall be effective until the agent's
license expires or is revoked, the appointment has expired, or
written notice of termination of the appointment is filed with
the commissioner, whichever occurs first.
(3) When the appointment is revoked by the insurer, written
notice of such revocation shall be given to the agent and a copy
of the notice of revocation shall be mailed to the commissioner.
(4) Revocation of an appointment by the insurer shall be
deemed to be effective as of the date designated in the notice as
being the effective date if the notice is actually received by
the agent prior to such designated date; otherwise, as of the
earlier of the following dates:
(a) The date such notice of revocation was received by the
agent.
(b) The date such notice, if mailed to the agent at his last
address of record with the insurer, in due course should have
been received by the agent.
(5) Appointments expire if not timely renewed. Each insurer
shall pay the renewal fee set forth for each agent holding an
appointment on the renewal date assigned the agents of the
insurer by the commissioner. The commissioner, by rule, shall
determine renewal dates. If a staggered system is used, fees
shall be prorated in the conversion to a staggered system.
[1994 c 131 § 5; 1990 1st ex.s. c 3 § 3; 1979 ex.s. c 269 § 2; 1967 c 150 § 20; 1959 c 225 § 6; 1955 c 303 § 13; 1947 c 79 § .17.16; Rem. Supp. 1947 § 45.17.16.]
NOTES:
Effective date, implementation -- 1979 ex.s. c 269: See note following RCW 48.14.010.
RCW 48.17.160
Appointment of
agents -- Approval -- Termination -- Fees. (Effective July 1, 2009.)
(1) An insurance producer or title insurance agent shall not act
as an agent of an insurer unless the insurance producer or title
insurance agent becomes an appointed agent of that insurer. An
insurance producer who is not acting as an agent of an insurer is
not required to become appointed.
(2) To appoint an insurance producer or title insurance
agent as its agent, the appointing insurer shall file, in a
format approved by the commissioner, a notice of appointment
within fifteen days from the date the agency contract is executed
or when the first insurance application is submitted, whichever
is later.
(3) Upon receipt of the notice of appointment, the
commissioner shall verify within a reasonable time, not to exceed
thirty days, that the insurance producer or title insurance agent
is eligible for appointment. If the insurance producer or title
insurance agent is determined to be ineligible for appointment,
the commissioner shall notify the insurer within ten days of the
determination.
(4) An insurer shall pay an appointment fee, in the amount
and method of payment set forth in RCW 48.14.010, for each
insurance producer or title insurance agent appointed by the
insurer.
(5) Contingent upon payment of the appointment renewal fee
as set forth in RCW 48.14.010, an appointment shall be effective
until terminated by the insurance company, insurance producer, or
title insurance agent and notice has been given to the
commissioner as required by RCW 48.17.595.
[2007 c 117 § 11; 1994 c 131 § 5; 1990 1st ex.s. c 3 § 3; 1979 ex.s. c 269 § 2; 1967 c 150 § 20; 1959 c 225 § 6; 1955 c 303 § 13; 1947 c 79 § .17.16; Rem. Supp. 1947 § 45.17.16.]
NOTES:
Effective date, implementation -- 1979 ex.s. c 269: See note following RCW 48.14.010.