RCW 48.15.140
Revocation, suspension, or failure to renew surplus line broker's license—Civil penalty.
(1) The commissioner may place on probation, revoke, suspend, or refuse to renew any surplus line broker's license, or may levy a civil penalty in accordance with RCW 48.17.560 or any combination of actions, for any one or more of the following causes:
(a) If the surplus line broker fails to file the licensee's annual statement or to remit the tax as required by this chapter; or
(b) If the surplus line broker fails to maintain an office in this state, or to keep the records, or to allow the commissioner to examine the licensee's records as required by this chapter; or
(c) For any of the causes for which an insurance producer's license may be revoked under chapter 48.17 RCW.
(2) The commissioner may suspend or revoke any such license whenever he or she deems suspension or revocation to be for the best interests of the people of this state.
(3) The procedures provided by this code for the suspension or revocation of insurance producers' licenses shall be applicable to suspension or revocation of a surplus line broker's license.
(4) A surplus line broker whose license has been so revoked shall not again be so licensed within one year thereafter, nor until any fines or delinquent taxes owing by the formal licensee have been paid.
[ 2009 c 162 § 7; 2008 c 217 § 10; 1980 c 102 § 6; 1947 c 79 § .15.14; Rem. Supp. 1947 § 45.15.14.]
NOTES:
Effective date—2009 c 162: See note following RCW 48.03.020.
Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
Structure Revised Code of Washington
Chapter 48.15 - Unauthorized Insurers.
48.15.020 - Solicitation by unauthorized insurer prohibited—Personal liability.
48.15.023 - Unauthorized activities—Acts committed in this state—Sanctions.
48.15.025 - Application of other chapters to surplus line brokers.
48.15.030 - Validity of contracts illegally effectuated.
48.15.039 - National database—Surplus line brokers.
48.15.040 - "Surplus line" coverage.
48.15.043 - Diligent effort requirement—Exempt commercial purchaser.
48.15.050 - Endorsement of contract.
48.15.060 - Validity of contracts.
48.15.070 - Surplus line brokers—Licensing—Bond—Renewal.
48.15.073 - Nonresident surplus line brokers—Licensing—Reciprocity—Service of process.
48.15.080 - Licensed surplus line broker may accept business.
48.15.085 - Liability of insurer assuming direct risk.
48.15.090 - Solvent insurer required—Rules.
48.15.100 - Record of surplus line broker.
48.15.103 - Use of business name—Place of business—Duties of surplus line broker.
48.15.110 - Broker's annual statement.
48.15.120 - Premium tax—Surplus lines.
48.15.130 - Penalty for default.
48.15.140 - Revocation, suspension, or failure to renew surplus line broker's license—Civil penalty.
48.15.142 - Suspension for failure to comply with support order.
48.15.150 - Legal process against surplus line insurer.
48.15.160 - Exemptions from surplus line requirements.
48.15.170 - Records of insureds—Inspection.
48.15.180 - Surplus line broker's fiduciary capacity—Violations.
48.15.185 - Determination of qualifications and competence by state—Unlawful use of questions.