(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.]