§ 48.115.040. Treatment of moneys collected from renters purchasing insurance
A rental car agent 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 agent.
[2002 c 273 § 9.]
RCW 48.115.040
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.
Sections: Previous 48.115.001 48.115.005 48.115.010 48.115.015 48.115.020 48.115.025 48.115.030 48.115.035 48.115.040 48.115.045 48.115.900 Next
Last modified: April 7, 2009