Revised Code of Washington - RCW Title 48 Insurance - Chapter 48.94 Reinsurance Intermediary Act

48.94.005 Definitions
The definitions set forth in this section apply throughout this chapter: (1) "Actuary" means a person who is a member in good standing of the ...

48.94.010 Acting as a reinsurance intermediary-broker or reinsurance intermediary-manager -- Commissioner's powers -- Licenses -- Attorney exemption
(1) No person, firm, association, or corporation may act as a reinsurance intermediary-broker in this state if the person, firm, association, or corporation maintains an ...

48.94.015 Written authorization required between a reinsurance intermediary-broker and an insurer -- Minimum provisions
Brokers transactions between a reinsurance intermediary-broker and the insurer it represents in such capacity may be entered into only under a written authorization, specifying the ...

48.94.020 Accounts and records maintained by reinsurance intermediary-broker -- Access by insurer
(1) For at least ten years after expiration of each contract of reinsurance transacted by the reinsurance intermediary-broker, the reinsurance intermediary-broker shall keep a complete ...

48.94.025 Restrictions on insurer -- Obtaining services -- Employees -- Financial condition of reinsurance intermediary
(1) An insurer may not engage the services of a person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless ...

48.94.030 Contract required between a reinsurance intermediary-manager and a reinsurer -- Minimum provisions
Transactions between a reinsurance intermediary-manager and the reinsurer it represents in such capacity may be entered into only under a written contract, specifying the responsibilities ...

48.94.035 Restrictions on reinsurance intermediary-manager -- Retrocessions -- Syndicates -- Licenses -- Employees
The reinsurance intermediary-manager may not: (1) Cede retrocessions on behalf of the reinsurer, except that the reinsurance intermediary-manager may cede facultative retrocessions under obligatory automatic ...

48.94.040 Restrictions on reinsurer -- Financial condition of reinsurance intermediary-manager -- Loss reserves -- Retrocessions -- Termination of contract -- Board of directors
(1) A reinsurer may not engage the services of a person, firm, association, or corporation to act as a reinsurance intermediary-manager on its behalf unless ...

48.94.045 Examination by commissioner
(1) A reinsurance intermediary is subject to examination by the commissioner. The commissioner has access to all books, bank accounts, and records of the reinsurance ...

48.94.050 Violations of chapter -- Penalties -- Judicial review
(1) A reinsurance intermediary, insurer, or reinsurer found by the commissioner, after a hearing conducted in accordance with chapters 48.17 and 34.05 RCW, to be ...

48.94.055 Rule making
The commissioner may adopt reasonable rules for the implementation and administration of this chapter.[1993 c 462 § 33.] ...

48.94.900 Short title
This chapter may be known and cited as the reinsurance intermediary act.[1993 c 462 § 22.] ...

48.94.901 Severability -- Implementation -- 1993 c 462
See RCW 48.31B.901 and 48.31B.902. ...