RCW 48.25.140
Authority to alter policy. (Effective until
July 1, 2009.)
There shall be a provision that no agent shall have the power or authority to waive, change or alter any of the terms or conditions of any policy; except that, at the option of the insurer, the terms or conditions may be changed by an endorsement signed by a duly authorized officer of the insurer.
[1947 c 79 § .25.14; Rem. Supp. 1947 § 45.25.14.]
RCW 48.25.140
Authority to alter policy. (Effective July
1, 2009.)
(1) There shall be a provision that no insurance
producer shall have the power or authority to waive, change, or
alter any of the terms or conditions of any policy; except that,
at the option of the insurer, the terms or conditions may be
changed by an endorsement signed by a duly authorized officer of
the insurer.
(2) No later than January 1, 2010, or when the insurer has
used all of its existing paper industrial life insurance contract
forms which were in its possession on July 1, 2009, whichever is
earlier, the notice required by subsection (1) of this section
shall use the term insurance producer in place of agent.
[2008 c 217 § 33; 1947 c 79 § .25.14; Rem. Supp. 1947 § 45.25.14.]
NOTES:
Severability -- Effective date -- 2008 c 217: See notes following RCW 48.03.020.