Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.15 Unauthorized Insurers

48.15.020 Solicitation by unauthorized insurer prohibited -- Personal liability
(1) An insurer that is not authorized by the commissioner may not solicit insurance business in this state or transact insurance business in this state, ...

48.15.023 Unauthorized activities -- Acts committed in this state -- Sanctions
(1) As used in this section, "person" has the same meaning as in RCW 48.01.070. (2) For the purpose of this section, an act is ...

48.15.030 Validity of contracts illegally effectuated
A contract of insurance effectuated by an unauthorized insurer in violation of the provisions of this code shall be voidable except at the instance of ...

48.15.040 "Surplus line" coverage
If certain insurance coverages cannot be procured from authorized insurers, such coverages, hereinafter designated as "surplus lines," may be procured from unauthorized insurers subject to ...

48.15.050 Endorsement of contract
Every insurance contract procured and delivered as a surplus line coverage pursuant to this chapter shall have stamped upon it and be initialed by or ...

48.15.060 Validity of contracts
Insurance contracts procured as surplus line coverage from unauthorized insurers in accordance with this chapter shall be fully valid and enforceable as to all parties, ...

48.15.070 Surplus line brokers -- Licensing
Any individual while a resident of this state, or any firm or any corporation that has in its employ a qualified individual who is a ...

48.15.073 Nonresident surplus line brokers -- Licensing -- Reciprocity
(1) The commissioner may license as a surplus line broker a person who is otherwise qualified under this code but who is not a resident ...

48.15.080 Broker may accept business
A licensed surplus line broker may accept and place surplus line business for any insurance agent or broker licensed in this state for the kind ...

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 ...

48.15.090 Solvent insurer required
(1) A surplus line broker shall not knowingly place surplus line insurance with insurers unsound financially. The surplus line broker shall ascertain the financial condition ...

48.15.100 Record of surplus line broker
(1) Each licensed surplus line broker shall keep a full and true record of each surplus line contract procured by him including a copy of ...

48.15.110 Broker's annual statement
(1) Each surplus line broker shall on or before the first day of March of each year file with the commissioner a verified statement of ...

48.15.120 Premium tax -- Surplus lines
(1) On or before the first day of March of each year each surplus line broker shall remit to the state treasurer through the commissioner ...

48.15.130 Penalty for default
If any surplus line broker fails to file his or her annual statement, or fails to remit the tax provided by RCW 48.15.120, by the ...

48.15.140 Revocation, suspension, or failure to renew broker's license
(1) The commissioner may revoke, suspend, or refuse to renew any surplus line broker's license: (a) If the surplus line broker fails to file his ...

48.15.150 Legal process against surplus line insurer
(1) An unauthorized insurer shall be sued, upon any cause of action arising in this state under any contract issued by it as a surplus ...

48.15.160 Exemptions from surplus line requirements
(1) The provisions of this chapter controlling the placing of insurance with unauthorized insurers shall not apply to reinsurance or to the following insurances when ...

48.15.170 Records of insureds -- Inspection
Every person for whom insurance has been placed with an unauthorized insurer pursuant to or in violation of this chapter shall, upon the commissioner's order, ...