RCW 48.94.025
107 words·~1 min read·
/wa/title-48/chapter-48-94/48-94-025·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)An insurer may not engage the services of a person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as required by RCW 48.94.010 (1).
(2)An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business, unless the reinsurance intermediary-broker is under common control with the insurer and subject to the insurer holding company act, chapter 48.31B RCW.
(3)The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.
[ 1993 c 462 s 27 .]