WSR 15-05-054 PERMANENT RULES OFFICE OF INSURANCE COMMISSIONER [Insurance Commissioner Matter No. R 2014-07—Filed February 13, 2015, 10:06 a.m., effective March 16, 2015] Effective Date of Rule: Thirty-one days after filing.
Purpose: Ensure that the designated responsible licensed person (DRLP) of an insurance producer entity has sufficient authority and information to act in the capacity of a DRLP.
Statutory Authority for Adoption: RCW 48.02.060 and 48.17.005.
Other Authority: RCW 48.17.090 (3)(b).
Adopted under notice filed as WSR 15-02-059 on January 6, 2015.
A final cost-benefit analysis is available by contacting Jim Tompkins, P.O. Box 40258, Olympia, WA 98504-0258, phone (360) 725-7036, fax (360) 586-3109, e-mail rulescoordinator@oic.wa.gov.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 1, Amended 0, Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 1, Amended 0, Repealed 0.
Date Adopted: February 12, 2015.
Mike Kreidler
Insurance Commissioner
NEW SECTION
WAC 284-17-603 Designated responsible licensed person.
The designated responsible licensed person (DRLP) must be given the necessary authority and information by the business entity that reasonably assures that the DRLP can cause or influence the entity's compliance with all applicable insurance laws or rules, or both of this state.
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