(1) Terms used in this regulation (WAC 284-13-700 through
284-13-760) that are defined in the Reinsurance Intermediary Act chapter
48.94 RCW ("the act") have the meaning stated there.
(2) Whether a person is an "employee" of the reinsurer for purposes of RCW
48.94.005 (7)(a) depends on the facts and is not controlled by a mere labeling of the person as an employee in an agreement.
(3) A reinsurer is "licensed in this state" for purposes of RCW
48.94.005(8) when it holds a certificate of authority to transact the relevant line of insurance.
[Statutory Authority: RCW
48.02.060,
48.94.055, and
48.94.010. WSR 09-24-102 (Matter No. R 2009-11), § 284-13-700, filed 12/2/09, effective 1/2/10. Statutory Authority: RCW
48.02.060 and 1993 c 462 § 33. WSR 93-19-011 (Order R 93-15), § 284-13-700, filed 9/1/93, effective 10/2/93.]