CERTIFICATION OF ENROLLMENT

                   SUBSTITUTE HOUSE BILL 1582

                        53rd Legislature

                      1993 Regular Session

Passed by the House March 8, 1993   Yeas 97   Nays 0 Speaker of the        House of Representatives Passed by the Senate April 16, 1993   Yeas 42   Nays 0

CERTIFICATE I, Alan Thompson, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is SUBSTITUTE HOUSE BILL 1582 as passed by the House of Representatives and the Senate on the dates hereon set forth.

President of the Senate

Chief Clerk

Approved Place Style On Codes above, and Style Off Codes below.

FILED

Governor of the State of Washington

Secretary of State                        State of Washington

                              _______________________________________________

                                             SUBSTITUTE HOUSE BILL 1582

                              _______________________________________________

                                                       Passed Legislature - 1993 Regular Session

State of Washington                              53rd Legislature                             1993 Regular Session

By House Committee on Financial Institutions & Insurance (originally sponsored by Representatives Zellinsky, Mielke, R. Meyers, Dellwo, Campbell, Dorn, Dyer and Basich)

Read first time 02/24/93.

Permitting certain transactions by insurance agent-brokers.

          AN ACT Relating to permitted transactions by insurance agent-brokers; and amending RCW 48.17.270.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

        Sec. 1.  RCW 48.17.270 and 1981 c 339 s 13 are each amended to read as follows:

          A licensed agent may be licensed as a broker and be a broker as to insurers for which ((he)) the licensee is not then appointed as agent.  A licensed broker may be licensed as and be an agent as to insurers appointing ((him as)) such agent.  The sole relationship between a broker and an insurer as to which ((he)) the licensee is appointed as an agent shall, as to transactions arising during the existence of such agency appointment, be that of insurer and agent.  In a situation where an insurer has a special arrangement with respect to a particular insurance policy whereby it deals with brokers only, its appointed agents who are also licensed brokers may, with the approval of the insurer, participate in the arrangement and receive a broker's fee therefor, provided there is full disclosure of the facts to the insured or applicant for the insurance.

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