A rental car insurance producer is not required to treat moneys collected from renters purchasing rental car insurance as funds received in a fiduciary capacity, if:

     (1) The charges for rental car insurance coverage are itemized and ancillary to a rental transaction; and

     (2) The insurer has consented in writing, signed by an officer of the insurer, that premiums need not be segregated from funds received by the rental car insurance producer.

[2008 c 217 § 93; 2002 c 273 § 9.]

NOTES:

     Severability -- Effective date -- 2008 c 217: See notes following RCW 48.03.020.