(1) A person may not act
or aid in any manner in soliciting, negotiating, or procuring
liability insurance in this state from a risk retention group
unless the person is licensed as an insurance producer for
casualty insurance in accordance with chapter 48.17 RCW and pays
the fees designated for the license under RCW 48.14.010.
(2)(a) A person may not act or aid in any manner in
soliciting, negotiating, or procuring liability insurance in this
state for a purchasing group from an authorized insurer or a risk
retention group chartered in a state unless the person is
licensed as an insurance producer for casualty insurance in
accordance with chapter 48.17 RCW and pays the fees designated
for the license under RCW 48.14.010.
(b) A person may not act or aid in any manner in soliciting,
negotiating, or procuring liability insurance coverage in this
state for a member of a purchasing group under a purchasing
group's policy unless the person is licensed as an insurance
producer for casualty insurance in accordance with chapter 48.17 RCW and pays the fees designated for the license under RCW 48.14.010.
(c) A person may not act or aid in any manner in soliciting,
negotiating, or procuring liability insurance from an insurer not
authorized to do business in this state on behalf of a purchasing
group located in this state unless the person is licensed as a
surplus line broker in accordance with chapter 48.15 RCW and pays
the fees designated for the license under RCW 48.14.010.
(3) For purposes of acting as an insurance producer for a
risk retention group or purchasing group under subsections (1)
and (2) of this section, the requirement of residence in this
state does not apply.
(4) Every person licensed under chapters 48.15 and 48.17 RCW, on business placed with risk retention groups or written
through a purchasing group, must inform each prospective insured
of the provisions of the notice required under RCW 48.92.040(7)
in the case of a risk retention group and RCW 48.92.090(2) in the
case of a purchasing group.
[2008 c 217 § 72; 2005 c 223 § 31; 1993 c 462 § 101; 1987 c 306 § 12.]
NOTES:
Severability -- Effective date -- 2008 c 217: See notes following RCW 48.03.020.
Severability -- Implementation -- 1993 c 462: See RCW 48.31B.901 and 48.31B.902.