S-4502.3  _______________________________________________

                         SENATE BILL 6746

          _______________________________________________

State of Washington      55th Legislature     1998 Regular Session

By Senator Winsley

Read first time 02/03/98.  Referred to Committee on Financial Institutions, Insurance & Housing.

Regulating purchasing of insurance services.

    AN ACT Relating to purchasing of insurance services; and adding a new section to chapter 48.01 RCW.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 48.01 RCW to read as follows:

    (1) Any person, firm, partnership, corporation, or association promising, in exchange for dues, assessments, or periodic or lump-sum payments, to furnish members or subscribers with assistance in matters relating to trip interruption service, bail bond service or any accident or death insurance benefit program must purchase the service or insurance from a company that holds a certificate of authority, issued by the insurance commissioner, authorizing the company to sell that coverage in this state.

    (2) Violation of this section is subject to the enforcement provisions of RCW 48.02.080 and to the hearing and appeal provisions of chapter 48.04 RCW.

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