RCW 48.98.030
Violations of chapter -- Penalties -- Judicial
review. (Effective until July 1, 2009.)
(1) Subject to a
hearing in accordance with chapters 34.05 and 48.04 RCW, upon a
finding by the commissioner that any person has violated any
provision of this chapter, the commissioner may order:
(a) For each separate violation, a penalty in an amount of
not more than one thousand dollars;
(b) Revocation, or suspension for up to one year, of the
agent's license; and
(c) The managing general agent to reimburse the insurer, the
rehabilitator, or liquidator of the insurer for losses incurred
by the insurer caused by a violation of this chapter committed by
the managing general agent.
(2) The decision, determination, or order of the
commissioner under this section is subject to judicial review
under chapters 34.05 and 48.04 RCW.
(3) Nothing contained in this section affects the right of
the commissioner to impose any other penalties provided for in
this title.
(4) Nothing contained in this chapter is intended to or in
any manner limits or restricts the rights of policyholders,
claimants, and auditors.
[1993 c 462 § 40.]
RCW 48.98.030
Violations of chapter -- Penalties -- Judicial
review. (Effective July 1, 2009.)
(1) Subject to a hearing in
accordance with chapters 34.05 and 48.04 RCW, upon a finding by
the commissioner that any person has violated any provision of
this chapter, the commissioner may order:
(a) For each separate violation, a penalty in an amount of
not more than one thousand dollars;
(b) Revocation, or suspension for up to one year, of the
managing general agent's license including any insurance
producer's licenses held by the managing general agent; and
(c) The managing general agent to reimburse the insurer, the
rehabilitator, or liquidator of the insurer for losses incurred
by the insurer caused by a violation of this chapter committed by
the managing general agent.
(2) The decision, determination, or order of the
commissioner under this section is subject to judicial review
under chapters 34.05 and 48.04 RCW.
(3) Nothing contained in this section affects the right of
the commissioner to impose any other penalties provided for in
this title.
(4) Nothing contained in this chapter is intended to or in
any manner limits or restricts the rights of policyholders,
claimants, and auditors.
[2008 c 217 § 83; 1993 c 462 § 40.]
NOTES:
Severability -- Effective date -- 2008 c 217: See notes following RCW 48.03.020.