RCW 48.36A.330
Insurance producers.
(1) Insurance producers of societies shall be licensed in accordance with the applicable provisions of chapter 48.17 RCW regulating the licensing, revocation, suspension, or termination of licenses of resident and nonresident insurance producers.
(2) The following individuals shall not be deemed an insurance producer of a fraternal benefit society within the provisions of subsection (1) of this section:
(a) Any regular salaried officer or employee of a licensed society who devotes substantially all of their services to activities other than the solicitation of fraternal insurance contracts from the public, and who receives for the solicitation of such contracts no commission or other compensation directly dependent upon the amount of business obtained; or
(b) Any insurance producer or representative of a society who devotes, or intends to devote, less than fifty percent of their time to the solicitation and procurement of insurance contracts for such society: PROVIDED, That any person who in the preceding calendar year has solicited and procured life insurance contracts on behalf of any society in an amount of insurance in excess of fifty thousand dollars shall be conclusively presumed to be devoting, or intending to devote, fifty percent of the person's time to the solicitation or procurement of insurance contracts for such society.
[ 2008 c 217 § 46; 1987 c 366 § 33.]
NOTES:
Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
Structure Revised Code of Washington
Chapter 48.36A - Fraternal Benefit Societies.
48.36A.010 - Fraternal benefit society defined.
48.36A.020 - Lodge system—Lodges for children.
48.36A.030 - Representative form of government.
48.36A.050 - Beneficial operations—Laws and rules.
48.36A.060 - Membership classes, rights, grievances.
48.36A.070 - Location of office and meetings—Official publications, annual statement.
48.36A.080 - Immunity of officers—Indemnification of person responsible—Insurance for liability.
48.36A.090 - Nonwaiver provisions.
48.36A.100 - Formation of domestic society—Procedures and requirements.
48.36A.110 - Amendment of society's laws.
48.36A.120 - Not-for-profit institutions authorized—Funeral homes prohibited.
48.36A.140 - Consolidation and merger.
48.36A.150 - Conversion to mutual life insurance company.
48.36A.160 - Contractual benefits.
48.36A.170 - Designation of beneficiary—Funeral benefits.
48.36A.180 - Protection of benefits.
48.36A.190 - Benefit certificates—Impaired reserves.
48.36A.200 - Paid-up nonforfeiture benefits and cash surrender values.
48.36A.210 - Authorized investments.
48.36A.220 - Assets—Investment and disbursement.
48.36A.230 - Chapter exclusive.
48.36A.240 - Funds tax exempt, exception.
48.36A.250 - Valuation standards—Reserves.
48.36A.260 - Annual financial statement.
48.36A.263 - Filing of financial statements.
48.36A.270 - Licenses and renewals—Fees—Existing societies.
48.36A.272 - Notice of intent to suspend, revoke, or refuse to renew a license.
48.36A.274 - Duration of suspension.
48.36A.276 - Reauthorization of license.
48.36A.278 - Notice to agents of loss of authority.
48.36A.282 - Transactions hazardous to certificate holders or creditors—Standards for consideration.
48.36A.290 - License required—Obtaining.
48.36A.310 - Deficiencies, noncompliance by societies—Actions against license.
48.36A.320 - Requirements for injunction.
48.36A.330 - Insurance producers.
48.36A.340 - Unfair trade practices.
48.36A.350 - Service of process upon commissioner.
48.36A.380 - World War I societies.
48.36A.390 - Fraternal mutual insurers.
48.36A.400 - Fraternal mutual life insurers.
48.36A.410 - Review of commissioner's decisions and findings.