RCW 48.17.490
Sharing commissions. (Effective until July
1, 2009.)
(1) No agent, general agent, solicitor, or broker
shall compensate or offer to compensate in any manner any person
other than an agent, general agent, solicitor, or broker,
licensed in this or any other state or province, for procuring or
in any manner helping to procure applications for or to place
insurance in this state. This provision shall not prohibit the
payment of compensation not contingent upon volume of business
transacted, in the form of salaries to the regular employees of
such agent, general agent, solicitor or broker, or the payment
for services furnished by an unlicensed person who does not
participate in the transaction of insurance in any way requiring
licensing as an agent, solicitor, broker, or adjuster and who is
not compensated on any basis dependent upon a sale of insurance
being made.
(2) No such licensee shall be promised or allowed any
compensation on account of the procuring of applications for or
the placing of kinds of insurance which he himself is not then
licensed to procure or place.
(3) The commissioner shall suspend or revoke the licenses of
all licensees participating in any violation of this section.
[1988 c 248 § 13; 1947 c 79 § .17.49; Rem. Supp. 1947 §45.17.49 .]
RCW 48.17.490
Must be licensed to receive a commission,
service fee, or other valuable consideration. (Effective July 1,
2009.)
(1) An insurance company, insurance producer, or title
insurance agent shall not pay a commission, service fee, or other
valuable consideration to a person for selling, soliciting, or
negotiating insurance in this state if that person is required to
be licensed under this chapter or chapter 48.15 RCW and is not so
licensed.
(2) A person shall not accept a commission, service fee, or
other valuable consideration for selling, soliciting, or
negotiating insurance in this state if that person is required to
be licensed under this chapter or chapter 48.15 RCW and is not so
licensed.
(3) Renewal or other deferred commissions may be paid to a
person for selling, soliciting, or negotiating insurance in this
state if the person was required to be licensed under this
chapter or chapter 48.15 RCW at the time of the sale,
solicitation, or negotiation, and was so licensed at that time.
(4) An insurer, except a title insurer, or insurance
producer may pay or assign commissions, service fees, or other
valuable consideration to an insurance agency, or to persons who
do not sell, solicit, or negotiate insurance in this state,
unless the payment would violate RCW 48.30.140, 48.30.150,
48.30.155, 48.30.157, or 48.30.170.
[2007 c 117 § 27; 1988 c 248 § 13; 1947 c 79 § .17.49; Rem. Supp. 1947 § 45.17.49.]