Revised Code of Washington - RCW Title 48 Insurance - Section 48.102.030 Examination of business and affairs of applicant or licensee -- Production of information -- Expenses -- Confidentiality of information -- Recordkeeping requirements

§ 48.102.030. Examination of business and affairs of applicant or licensee -- Production of information -- Expenses -- Confidentiality of information -- Recordkeeping requirements

(1) The commissioner may examine the business and affairs of any applicant for or holder of any license issued under this chapter. The commissioner may require any applicant for or holder of any such license to produce any records, books, files, and any other writings or information reasonably necessary to determine whether or not the applicant for or holder of any such license is acting, or has acted, in violation of any laws, or otherwise contrary to the interests of the public, or has acted in a manner demonstrating incompetence or untrustworthiness to hold any such license. The expenses incurred in conducting any examination shall be paid by the applicant for or holder of any such license.

(2) The names and individual identification data of all viators are private and confidential information and shall not be disclosed by the commissioner, except under court order.

(3) Records of all transactions of viatical settlement contracts and brokerage contracts, and an advertising file containing the text of all advertising used and the dates and media in which it was used, shall be maintained by each holder of any license issued under this chapter.

[1995 c 161 § 6.]

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Last modified: April 7, 2009