§ 48.97.020. Relationship between broker and controlled insurer -- Broker's duty to disclose -- Subbrokers
The broker, before the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the broker and the controlled insurer, except that, if the business is placed through a subbroker who is not a controlling broker, the controlling broker shall retain in his or her records a signed commitment from the subbroker that the subbroker is aware of the relationship between the insurer and the broker and that the subbroker has notified or will notify the insured.
[1993 c 462 § 20.]
RCW 48.97.020
The producer, before the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer, except that, if the business is placed through a subproducer who is not a controlling producer, the controlling producer shall retain in his or her records a signed commitment from the subproducer that the subproducer is aware of the relationship between the insurer and the producer and that the subproducer has notified or will notify the insured.
[2008 c 217 § 77; 1993 c 462 § 20.]
Notes:
Severability -- Effective date -- 2008 c 217: See notes following RCW 48.03.020.
Sections: Previous 48.97.005 48.97.010 48.97.015 48.97.020 48.97.025 48.97.900 48.97.901 Next
Last modified: April 7, 2009