§ 48.15.085. Liability of insurer assuming direct risk
(1) If pursuant to the surplus lines provisions of this chapter an insurer has assumed direct risk under a coverage and the premium therefor has been paid to the broker who placed such insurance, the insurer shall be liable to the insured for unearned premiums payable upon cancellation of the insurance, whether or not the broker is indebted to the insurer for such premium or otherwise. This provision shall not affect rights as between the insurer and the broker.
(2) Each such insurer shall be deemed to have subjected itself to this section by acceptance of such direct risk.
[1959 c 225 § 5.]
Sections: Previous 48.15.030 48.15.040 48.15.050 48.15.060 48.15.070 48.15.073 48.15.080 48.15.085 48.15.090 48.15.100 48.15.110 48.15.120 48.15.130 48.15.140 48.15.150 NextLast modified: April 7, 2009