RCW 48.115.040
Treatment of moneys collected from renters purchasing insurance.
A rental car insurance producer is not required to treat moneys collected from renters purchasing rental car insurance as funds received in a fiduciary capacity, if:
(1) The charges for rental car insurance coverage are itemized and ancillary to a rental transaction; and
(2) The insurer has consented in writing, signed by an officer of the insurer, that premiums need not be segregated from funds received by the rental car insurance producer.
[ 2008 c 217 § 93; 2002 c 273 § 9.]
NOTES:
Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
Structure Revised Code of Washington
Chapter 48.115 - Rental Car Insurance.
48.115.010 - License required.
48.115.015 - Licensing rental car companies as rental car insurance producers.
48.115.025 - Restrictions on offer, sale, or solicitation—Consumer information.
48.115.030 - Rental car insurance producer prohibitions.
48.115.035 - Enforcement—Commissioner may revoke, suspend, or refuse to issue or renew license.
48.115.040 - Treatment of moneys collected from renters purchasing insurance.