(1) The
commissioner may issue a temporary insurance producer license for
a period not to exceed one hundred eighty days without requiring
an examination if the commissioner deems that the temporary
license is necessary for the servicing of an insurance business
in the following cases:
(a) To the surviving spouse or court-appointed personal
representative of a licensed insurance producer who dies or
becomes mentally or physically disabled to allow adequate time
for the sale of the insurance business owned by the insurance
producer or for the recovery or return of the insurance producer
to the business, or to provide for the training and licensing of
new personnel to operate the insurance producer's business;
(b) To a member or employee of a business entity licensed as
an insurance producer, upon the death or disability of an
individual designated in the business entity application or the
license;
(c) To the designee of a licensed insurance producer
entering active service in the armed forces of the United States;
or
(d) In any other circumstance where the commissioner deems
that the public interest will best be served by the issuance of
this license.
(2) The commissioner may, by order, limit the authority of
any temporary licensee in any way deemed necessary to protect
insureds and the public. The commissioner may require the
temporary licensee to have a suitable sponsor who is a licensed
insurance producer or insurer and who assumes responsibility for
all acts of the temporary licensee, and may impose other similar
requirements designed to protect insureds and the public. The
commissioner may, by order, revoke a temporary license if the
interest of insureds or the public are endangered. A temporary
license may not continue after the owner or the personal
representatives dispose of the business.
[2007 c 117 § 28; 1982 c 181 § 7; 1955 c 303 § 15; 1953 c 197 § 8; 1947 c 79 § .17.51; Rem. Supp. 1947 § 45.17.51.]
NOTES:
Severability -- 1982 c 181: See note following RCW 48.03.010.