RCW 48.29.213
Return on ownership interest—Certain payments authorized.
(1) RCW 48.29.210, 18.85.053, 18.44.305, or 19.146.103 does not make unlawful the payment by a title insurer or title insurance agent and the receipt by a producer of title insurance business of a return on ownership interest in the title insurer or title insurance agent.
(2) A return on ownership interest may include:
(a) Bona fide dividends, and capital or equity distributions, related to ownership interest or franchise relationship, between entities in an affiliated relationship; and
(b) Bona fide business loans, advances, and capital or equity contributions between entities in an affiliate relationship (in any direction), so long as they are for ordinary business purposes and are not fees for the referral of settlement service business or unearned fees.
(3) A return on ownership interest does not include:
(a) Any payment which has a basis of calculation of no apparent business motive other than distinguishing among recipients of payments on the basis of the amount of their actual, estimated, or anticipated referrals;
(b) Any payment which varies according to the relative amount of referrals by the different recipients of similar payments; or
(c) A payment based on an ownership, partnership, or joint venture share which has been adjusted on the basis of previous relative referrals by recipients of similar payments.
[ 2008 c 110 § 13.]
Structure Revised Code of Washington
Chapter 48.29 - Title Insurers.
48.29.005 - Administration of chapter—Rules.
48.29.010 - Scope of chapter—Definitions.
48.29.015 - Requirement to maintain records—Report to commissioner.
48.29.018 - Information filed under RCW 48.29.017—Confidentiality.
48.29.020 - Certificate of authority—Qualifications.
48.29.040 - May do business in two or more counties—Restrictions.
48.29.120 - Reserve requirements.
48.29.140 - Premium rates—Required filings—Transition date set by rule.
48.29.143 - Premium rates—Actuarially sound estimates.
48.29.147 - Required filings—Information subject to review—Commissioner's powers—Timing.
48.29.148 - Form and rate filings by rating organization.
48.29.149 - Form and rate filings by rating organization—Deviation.
48.29.150 - Taxation of title insurers.
48.29.155 - Agent license—Financial responsibility—Definitions.
48.29.160 - Agents—County tract indexes required.
48.29.170 - Agents—Separate licenses for individuals not required.
48.29.180 - Disclosure of energy conservation payment obligations—Informational note—Liability.
48.29.190 - Conducting business as escrow agent—Requirements—Violation, penalties.
48.29.193 - Escrow services—Schedule of fees filed with commissioner.
48.29.195 - Escrow services—Schedule of fees made available to public.
48.29.200 - Prohibited practices.
48.29.210 - Business inducements—Prohibited practices.
48.29.213 - Return on ownership interest—Certain payments authorized.
48.29.400 - Rating organizations—Intent.
48.29.405 - Rating organizations—License required.
48.29.410 - Rating organizations—License applications.
48.29.415 - Rating organizations—License issuance—Term.
48.29.420 - Rating organizations—License suspension and revocation.
48.29.425 - Rating organizations—Commissioner notification.
48.29.430 - Rating organizations—Subscribers.
48.29.435 - Rating organizations—Review by commissioner.
48.29.440 - Rating organizations—Cooperative activities and practices.
48.29.445 - Rating organizations—Actuarial, technical, and other services.
48.29.450 - Rating organizations—Records—Commissioner cost recovery rules.
48.29.455 - Rating organizations—Members and subscribers—Appeal to commissioner.
48.29.460 - Rating organizations—Members and subscribers—Discrimination.
48.29.465 - Rating organizations—Membership or subscription not required.
48.29.470 - Rating organizations—Aggregate information and experience data—Exchange.
48.29.500 - Advisory organizations—Filings with commissioner.
48.29.510 - Advisory organizations—Acts and practices inconsistent with chapter.
48.29.901 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.