RCW 48.30.200
Hypothecation of premium notes.
It shall be unlawful for any insurer or its representative, or any insurance producer, to hypothecate, sell, or dispose of any promissory note, received in payment for any premium or part thereof on any contract of life insurance or of disability insurance applied for, prior to delivery of the policy to the applicant.
[ 2008 c 217 § 39; 1947 c 79 § .30.20; Rem. Supp. 1947 § 45.30.20.]
NOTES:
Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
Structure Revised Code of Washington
Chapter 48.30 - Unfair Practices and Frauds.
48.30.010 - Unfair practices in general—Remedies and penalties.
48.30.015 - Unreasonable denial of a claim for coverage or payment of benefits.
48.30.030 - False financial statements.
48.30.040 - False information and advertising.
48.30.050 - Advertising must show name and domicile.
48.30.060 - Insurer name—Deceptive use prohibited.
48.30.070 - Advertising of financial condition.
48.30.080 - Defamation of insurer.
48.30.090 - Misrepresentation of policies.
48.30.100 - Dividends not to be guaranteed.
48.30.110 - Contributions to candidates for insurance commissioner.
48.30.120 - Misconduct of officers, employees.
48.30.130 - Presumption of knowledge of director.
48.30.133 - Gifts, etc., for the referral of insurance business—Restrictions.
48.30.135 - Sponsoring events or making contributions—Definitions.
48.30.140 - Rebating—Other inducements.
48.30.150 - Illegal inducements.
48.30.155 - Life or disability insurers—Insurance as inducement to purchase of goods, etc.
48.30.157 - Charges for extra services.
48.30.170 - Rebate—Acceptance prohibited.
48.30.180 - "Twisting" prohibited.
48.30.190 - Illegal dealing in premiums.
48.30.200 - Hypothecation of premium notes.
48.30.210 - Misrepresentation in application for insurance.
48.30.220 - Destruction, injury, secretion, etc., of property.
48.30.230 - False claims or proof—Penalty.
48.30.240 - Rate wars prohibited.
48.30.250 - Interlocking ownership, management.
48.30.300 - Unfair discrimination, generally.
48.30.310 - Commercial motor vehicle employment driving record not to be considered, when.
48.30.320 - Notice of reason for cancellation, restrictions based on disability.
48.30.330 - Immunity from libel or slander.
48.30.340 - Auto glass repair—Restrictions on insurer-owned facilities.
48.30.360 - Performance standards—Premiums—Application—Rules.
48.30.900 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.