HOUSE BILL 1729





                        57th Legislature

                2001 Regular Legislative Session


Passed by the House March 9, 2001

  Yeas 98   Nays 0




Speaker of the House of Representatives




Speaker of the House of Representatives





Passed by the Senate April 6, 2001

  Yeas 47   Nays 0



We, Timothy A. Martin and Cynthia Zehnder, Co-Chief Clerks of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 1729  as passed by the House of Representatives and the Senate on the dates hereon set forth.




                          Chief Clerk




                          Chief Clerk

President of the Senate




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




Governor of the State of Washington

                   Secretary of State

                  State of Washington



                          HOUSE BILL 1729



             Passed Legislature - 2001 Regular Session


State of Washington      57th Legislature     2001 Regular Session


By Representatives Benson, Hatfield, McIntire, Cairnes, Roach, Simpson and Keiser


Read first time 02/01/2001.  Referred to Committee on Financial Institutions & Insurance.

Licensing surplus line brokers.

    AN ACT Relating to licensing surplus line brokers; and adding a new section to chapter 48.15 RCW.




    NEW SECTION.  Sec. 1.  A new section is added to chapter 48.15 RCW to read as follows:

    (1) The commissioner may license as a surplus line broker a person who is otherwise qualified under this code but who is not a resident of this state, if by the laws of the state or province of his or her residence or domicile a similar privilege is extended to residents of this state.

    (2) A person under subsection (1) of this section must meet the same qualifications, other than residency, as any other person seeking to be licensed as a surplus line broker under this chapter.  A person granted a nonresident surplus line broker's license must have all the same responsibilities as any other surplus line broker and is subject to the (a) commissioner's supervision as though resident in this state and (b) rules adopted under this chapter.


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