RCW 48.17.490
Must be licensed to receive a commission, service fee, or other valuable consideration.
(1) An insurance company, insurance producer, or title insurance agent shall not pay a commission, service fee, or other valuable consideration to a person for selling, soliciting, or negotiating insurance in this state if that person is required to be licensed under this chapter or chapter 48.15 RCW and is not so licensed.
(2) A person shall not accept a commission, service fee, or other valuable consideration for selling, soliciting, or negotiating insurance in this state if that person is required to be licensed under this chapter or chapter 48.15 RCW and is not so licensed.
(3) Renewal or other deferred commissions may be paid to a person for selling, soliciting, or negotiating insurance in this state if the person was required to be licensed under this chapter or chapter 48.15 RCW at the time of the sale, solicitation, or negotiation, and was so licensed at that time.
(4) An insurer, except a title insurer, or insurance producer may pay or assign commissions, service fees, or other valuable consideration to an insurance agency, or to persons who do not sell, solicit, or negotiate insurance in this state, unless the payment would violate RCW 48.30.140, 48.30.150, 48.30.155, 48.30.157, or 48.30.170.
[ 2007 c 117 § 27; 1988 c 248 § 13; 1947 c 79 § .17.49; Rem. Supp. 1947 § 45.17.49.]
Structure Revised Code of Washington
Chapter 48.17 - Insurance Producers, Title Insurance Agents, and Adjusters.
48.17.062 - Insurance producer license not required under chapter 117, Laws of 2007.
48.17.063 - Unlicensed activities—Acts committed in this state—Sanctions.
48.17.090 - Application for license—Commissioner's findings.
48.17.110 - Examination of applicants—Exemptions—Rules.
48.17.125 - Examination questions—Confidentiality—Penalties.
48.17.150 - Continuing education courses and requirements—Rules.
48.17.153 - Agents selling federal flood insurance policies—Training requirements.
48.17.160 - Appointment of agents—Approval—Termination—Fees.
48.17.173 - Nonresident license request—Conditions for approval—Service of legal process.
48.17.175 - In-state applicant has license in another state.
48.17.180 - Doing business under any name other than legal name.
48.17.250 - Insurance producer's bond.
48.17.270 - Insurance producer as insurer's agent—Compensation—Disclosure.
48.17.380 - Adjusters—Application form—Qualifications for license—Bond.
48.17.390 - Independent, public, or crop adjusters—Separate licenses.
48.17.410 - Authority of adjuster.
48.17.430 - Public adjuster's bond.
48.17.450 - Place of business.
48.17.460 - Display of license.
48.17.470 - Records of insurance producers, title insurance agents, adjusters.
48.17.475 - Licensee to reply promptly to inquiry by commissioner.
48.17.480 - Reporting and accounting for premiums.
48.17.490 - Must be licensed to receive a commission, service fee, or other valuable consideration.
48.17.510 - Temporary licenses—Restrictions—Commissioner's discretion.
48.17.535 - License or certificate suspension—Noncompliance with support order—Reissuance.
48.17.540 - Procedure to suspend, revoke, or refuse—Effect of conviction of felony.
48.17.550 - Duration of suspension.
48.17.560 - Fines may be imposed.
48.17.563 - Insurance education providers—Commissioner's approval—Renewal fee.
48.17.565 - Insurance education providers—Violations—Costs awarded.
48.17.568 - Insurance education providers—Bond.
48.17.591 - Termination of agency contract—Effect on insured—Definition—Application of section.
48.17.600 - Separation of premium funds.
48.17.901 - Effective date—2007 c 117.
48.17.902 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.