Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.56 Insurance Premium Finance Company Act

48.56.010 Short title
This chapter shall be known and may be cited as "The Insurance Premium Finance Company Act".[1969 ex.s. c 190 § 1.] ...

48.56.020 Definitions
As used in this chapter: (1) "Insurance premium finance company" means a person engaged in the business of entering into insurance premium finance agreements. (2) ...

48.56.030 License -- Required -- Fees -- Information to be furnished -- Penalty
(1) No person shall engage in the business of financing insurance premiums in the state without first having obtained a license as a premium finance ...

48.56.040 Investigation of applicant -- Qualifications -- Hearing
(1) Upon the filing of an application and the payment of the license fee the commissioner shall make an investigation of each applicant and shall ...

48.56.050 Revocation, suspension, or refusal to renew
(1) The commissioner may revoke or suspend the license of any premium finance company when and if after investigation it appears to the commissioner that ...

48.56.060 Records
(1) Every licensee shall maintain records of its premium finance transactions and the said records shall be open to examination and investigation by the commissioner. ...

48.56.070 Rules and regulations
The commissioner shall have authority to make and enforce such reasonable rules and regulations as may be necessary in making effective the provisions of this ...

48.56.080 Premium finance agreement
(1) A premium finance agreement shall -- (a) be dated, signed by or on behalf of the insured, and the printed portion thereof shall be ...

48.56.090 Service charge
(1) A premium finance company shall not charge, contract for, receive, or collect a service charge other than as permitted by this chapter. (2) The ...

48.56.100 Delinquency charge -- Cancellation charge
A premium finance agreement may provide for the payment by the insured of a delinquency charge of one dollar to a maximum of five percent ...

48.56.110 Cancellation of insurance contract
(1) When a premium finance agreement contains a power of attorney enabling the premium finance company to cancel any insurance contract or contracts listed in ...

48.56.120 Cancellation of insurance contract -- Return of unearned premiums
(1) Whenever a financed insurance contract is canceled, the insurer shall return whatever gross unearned premiums are due under the insurance contract to the premium ...

48.56.130 Filing of agreement
No filing of the premium finance agreement shall be necessary to perfect the validity of such agreement as a secured transaction as against creditors, subsequent ...

48.56.900 Effective date -- 1969 ex.s. c 190
This act is necessary for the immediate preservation of the public peace, health and safety, the support of the state government and its existing public ...