RCW 48.30.200
Hypothecation of premium notes. (Effective until July 1, 2009.)

It shall be unlawful for any insurer or its representative, or any agent or broker, to hypothecate, sell, or dispose of any promissory note, received in payment for any premium or part thereof on any contract of life insurance or of disability insurance applied for, prior to delivery of the policy to the applicant.

[1947 c 79 § .30.20; Rem. Supp. 1947 §45.30.20 .]

     RCW 48.30.200
Hypothecation of premium notes. (Effective July 1, 2009.)

It shall be unlawful for any insurer or its representative, or any insurance producer, to hypothecate, sell, or dispose of any promissory note, received in payment for any premium or part thereof on any contract of life insurance or of disability insurance applied for, prior to delivery of the policy to the applicant.

[2008 c 217 § 39; 1947 c 79 § .30.20; Rem. Supp. 1947 § 45.30.20.]

NOTES:

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