The legislature declares that insurance transactions with nonadmitted insurers are so affected with a public interest as to require regulation, taxation, supervision, and control of the transactions and matters relating to nonadmitted insurance. The purpose of this chapter includes
(1) protection of persons seeking insurance in this state;
(2) permission for surplus lines insurance to be placed with reputable and financially sound nonadmitted insurers and to be exported from this state under this chapter;
(3) establishment of a system of regulation that will
(A) permit orderly access to surplus lines insurance in this state; and
(B) encourage admitted insurers to provide new and innovative types of insurance and make them available to consumers in this state; and
(4) protection of the revenues of this state.
Section: 21.34.010 21.34.020 21.34.025 21.34.030 21.34.035 21.34.040 21.34.050 21.34.060 21.34.070 21.34.080 21.34.090 21.34.100 21.34.110 21.34.120 21.34.130 NextLast modified: November 15, 2016