If an insurance producer solicits insurance on behalf of an insurer, as authorized by RCW
48.17.160, but it is later determined that the insurance producer was not eligible for appointment by the insurer:
(1) The insurance contract will be effective;
(2) The insurance producer must not receive compensation for any insurance product sold by the insurance producer; and
(3) The insurance producer and the insurer may be subject to disciplinary action under RCW
48.17.530.
[Statutory Authority: RCW
48.02.060,
48.17.005. WSR 09-02-073 (Matter No. R 2008-06), § 284-17-467, filed 1/6/09, effective 7/1/09. Statutory Authority: RCW
48.02.060. WSR 08-17-063 (Matter No. R 2008-03), § 284-17-467, filed 8/18/08, effective 9/18/08. Statutory Authority: RCW
48.02.060 (3)(a) and
48.17.150 (1)(g)(ii). WSR 06-12-025 (Matter No. R 2005-06), § 284-17-467, filed 5/30/06, effective 6/30/06.]