RCW 48.56.020
Definitions. (Effective until July 1, 2009.)
As used in this chapter:
(1) "Insurance premium finance company" means a person
engaged in the business of entering into insurance premium
finance agreements.
(2) "Premium finance agreement" means an agreement by which
an insured or prospective insured promises to pay to a premium
finance company the amount advanced or to be advanced under the
agreement to an insurer or to an insurance agent or broker in
payment of premiums on an insurance contract together with a
service charge as authorized and limited by this chapter and as
security therefor the insurance premium finance company receives
an assignment of the unearned premium.
(3) "Licensee" means a premium finance company holding a
license issued by the insurance commissioner under this chapter.
[1969 ex.s. c 190 § 2.]
RCW 48.56.020
Definitions. (Effective July 1, 2009.)
As
used in this chapter:
(1) "Insurance premium finance company" means a person
engaged in the business of entering into insurance premium
finance agreements.
(2) "Premium finance agreement" means an agreement by which
an insured or prospective insured promises to pay to a premium
finance company the amount advanced or to be advanced under the
agreement to an insurer or to an insurance producer in payment of
premiums on an insurance contract together with a service charge
as authorized and limited by this chapter and as security
therefor the insurance premium finance company receives an
assignment of the unearned premium.
(3) "Licensee" means a premium finance company holding a
license issued by the insurance commissioner under this chapter.
[2008 c 217 § 60; 1969 ex.s. c 190 § 2.]
NOTES:
Severability -- Effective date -- 2008 c 217: See notes following RCW 48.03.020.