reglab/housing_qa huggingface dataset:
WA Rev Code § 48.92.140 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.92 - Liability Risk Retention.|48.92.140 - Rules.

RCW 48.92.140 Rules.The commissioner may establish and from time to time amend the rules relating to risk retention or purchasing groups as may be necessary or desirable to carry out the provisions of this chapter.[ 1993 c 462 § 103; 1987 c 306 § 14.]NOTES:Severability—Implementation—1993 c 462: See RCW 48.31B.901 and 48.31B.902.
WA Rev Code § 48.94.015 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.94 - Reinsurance Intermediary Act.|48.94.015 - Written authorization required between a reinsurance intermediary-broker and an insurer—Minimum provisions.

RCW 48.94.015 Written authorization required between a reinsurance intermediary-broker and an insurer—Minimum provisions.Brokers transactions between a reinsurance intermediary-broker and the insurer it represents in such capacity may be entered into only under a written authorization, specifying the responsibilities of each party. The authorization must, at a minimum, provide that:(1) The insurer may terminate the reinsurance intermediary-broker's authority at any time.(2) The reinsurance intermediary-broker shall render accounts to the insurer accurately detailing all material transactions, including information necessary to support all commissions, charges, and other fees received by, or owing, to the reinsurance intermediary-broker, and remit all funds due to the insurer within thirty days of receipt.(3) All funds collected for the insurer's account must be held by the reinsurance intermediary-broker in a fiduciary capacity in a bank that is a qualified United States financial institution as defined in this chapter.(4) The reinsurance intermediary-broker will comply with RCW 48.94.020.(5) The reinsurance intermediary-broker will comply with the written standards established by the insurer for the cession or retrocession of all risks.(6) The reinsurance intermediary-broker will disclose to the insurer any relationship with any reinsurer to which business will be ceded or retroceded.[ 1993 c 462 § 25.]
WA Rev Code § 48.94.020 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.94 - Reinsurance Intermediary Act.|48.94.020 - Accounts and records maintained by reinsurance intermediary-broker—Access by insurer.

RCW 48.94.020 Accounts and records maintained by reinsurance intermediary-broker—Access by insurer.(1) For at least ten years after expiration of each contract of reinsurance transacted by the reinsurance intermediary-broker, the reinsurance intermediary-broker shall keep a complete record for each transaction showing:(a) The type of contract, limits, underwriting restrictions, classes, or risks and territory;(b) Period of coverage, including effective and expiration dates, cancellation provisions, and notice required of cancellation;(c) Reporting and settlement requirements of balances;(d) Rate used to compute the reinsurance premium;(e) Names and addresses of assuming reinsurers;(f) Rates of all reinsurance commissions, including the commissions on any retrocessions handled by the reinsurance intermediary-broker;(g) Related correspondence and memoranda;(h) Proof of placement;(i) Details regarding retrocessions handled by the reinsurance intermediary-broker including the identity of retrocessionaires and percentage of each contract assumed or ceded;(j) Financial records, including but not limited to, premium and loss accounts; and(k) When the reinsurance intermediary-broker procures a reinsurance contract on behalf of a licensed ceding insurer:(i) Directly from any assuming reinsurer, written evidence that the assuming reinsurer has agreed to assume the risk; or(ii) If placed through a representative of the assuming reinsurer, other than an employee, written evidence that the reinsurer has delegated binding authority to the representative.(2) The insurer has access and the right to copy and audit all accounts and records maintained by the reinsurance intermediary-broker related to its business in a form usable by the insurer.[ 1993 c 462 § 26.]
WA Rev Code § 48.94.025 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.94 - Reinsurance Intermediary Act.|48.94.025 - Restrictions on insurer—Obtaining services—Employees—Financial condition of reinsurance intermediary.

RCW 48.94.025 Restrictions on insurer—Obtaining services—Employees—Financial condition of reinsurance intermediary.(1) An insurer may not engage the services of a person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as required by RCW 48.94.010(1).(2) An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business, unless the reinsurance intermediary-broker is under common control with the insurer and subject to the insurer holding company act, chapter 48.31B RCW.(3) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.[ 1993 c 462 § 27.]
WA Rev Code § 48.94.035 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.94 - Reinsurance Intermediary Act.|48.94.035 - Restrictions on reinsurance intermediary-manager—Retrocessions—Syndicates—Licenses—Employees.

RCW 48.94.035 Restrictions on reinsurance intermediary-manager—Retrocessions—Syndicates—Licenses—Employees.The reinsurance intermediary-manager may not:(1) Cede retrocessions on behalf of the reinsurer, except that the reinsurance intermediary-manager may cede facultative retrocessions under obligatory automatic agreements if the contract with the reinsurer contains reinsurance underwriting guidelines for the retrocessions. The guidelines must include a list of reinsurers with which the automatic agreements are in effect, and for each such reinsurer, the coverages and amounts or percentages that may be reinsured, and commission schedules.(2) Commit the reinsurer to participate in reinsurance syndicates.(3) Appoint a reinsurance intermediary without assuring that the reinsurance intermediary is lawfully licensed to transact the type of reinsurance for which he or she is appointed.(4) Without prior approval of the reinsurer, pay or commit the reinsurer to pay a claim, net of retrocessions, that exceeds the lesser of an amount specified by the reinsurer or one percent of the reinsurer's policyholder's surplus as of December 31st of the last complete calendar year.(5) Collect a payment from a retrocessionaire or commit the reinsurer to a claim settlement with a retrocessionaire, without prior approval of the reinsurer. If prior approval is given, a report must be promptly forwarded to the reinsurer.(6) Jointly employ an individual who is employed by the reinsurer unless the reinsurance intermediary-manager is under common control with the reinsurer subject to the insurer holding company act, chapter 48.31B RCW.(7) Appoint a subreinsurance intermediary-manager.[ 1993 c 462 § 29.]
WA Rev Code § 48.94.040 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.94 - Reinsurance Intermediary Act.|48.94.040 - Restrictions on reinsurer—Financial condition of reinsurance intermediary-manager—Loss reserves—Retrocessions—Termination of contract—Board of directors.

RCW 48.94.040 Restrictions on reinsurer—Financial condition of reinsurance intermediary-manager—Loss reserves—Retrocessions—Termination of contract—Board of directors.(1) A reinsurer may not engage the services of a person, firm, association, or corporation to act as a reinsurance intermediary-manager on its behalf unless the person is licensed as required by RCW 48.94.010(2).(2) The reinsurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-manager that the reinsurer has had prepared by an independent certified accountant in a form acceptable to the commissioner.(3) If a reinsurance intermediary-manager establishes loss reserves, the reinsurer shall annually obtain the opinion of an actuary attesting to the adequacy of loss reserves established for losses incurred and outstanding on business produced by the reinsurance intermediary-manager. This opinion is in addition to any other required loss reserve certification.(4) Binding authority for all retrocessional contracts or participation in reinsurance syndicates must rest with an officer of the reinsurer who is not affiliated with the reinsurance intermediary-manager.(5) Within thirty days of termination of a contract with a reinsurance intermediary-manager, the reinsurer shall provide written notification of the termination to the commissioner.(6) A reinsurer may not appoint to its board of directors an officer, director, employee, controlling shareholder, or subproducer of its reinsurance intermediary-manager. This subsection does not apply to relationships governed by the insurer holding company act, chapter 48.31B RCW, or, if applicable, the producer-controlled property and casualty insurer act, chapter 48.97 RCW.[ 2008 c 217 § 74; 1993 c 462 § 30.]NOTES:Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
WA Rev Code § 48.94.045 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.94 - Reinsurance Intermediary Act.|48.94.045 - Examination by commissioner.

RCW 48.94.045 Examination by commissioner.(1) A reinsurance intermediary is subject to examination by the commissioner. The commissioner has access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the commissioner.(2) A reinsurance intermediary-manager may be examined as if it were the reinsurer.[ 1993 c 462 § 31.]
WA Rev Code § 48.94.050 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.94 - Reinsurance Intermediary Act.|48.94.050 - Violations of chapter—Penalties—Judicial review.

RCW 48.94.050 Violations of chapter—Penalties—Judicial review.(1) A reinsurance intermediary, insurer, or reinsurer found by the commissioner, after a hearing conducted in accordance with chapters 48.17 and 34.05 RCW, to be in violation of any provision of this chapter, shall:(a) For each separate violation, pay a penalty in an amount not exceeding five thousand dollars;(b) Be subject to revocation or suspension of its license; and(c) If a violation was committed by the reinsurance intermediary, make restitution to the insurer, reinsurer, rehabilitator, or liquidator of the insurer or reinsurer for the net losses incurred by the insurer or reinsurer attributable to the violation.(2) The decision, determination, or order of the commissioner under subsection (1) of this section is subject to judicial review under this title and chapter 34.05 RCW.(3) Nothing contained in this section affects the right of the commissioner to impose any other penalties provided in this title.(4) Nothing contained in this chapter is intended to or in any manner limits or restricts the rights of policyholders, claimants, creditors, or other third parties or confer any rights to those persons.[ 1993 c 462 § 32.]
WA Rev Code § 48.94.055 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.94 - Reinsurance Intermediary Act.|48.94.055 - Rule making.

RCW 48.94.055 Rule making.The commissioner may adopt reasonable rules for the implementation and administration of this chapter.[ 1993 c 462 § 33.]
WA Rev Code § 48.94.900 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.94 - Reinsurance Intermediary Act.|48.94.900 - Short title.

RCW 48.94.900 Short title.This chapter may be known and cited as the reinsurance intermediary act.[ 1993 c 462 § 22.]
WA Rev Code § 48.94.901 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.94 - Reinsurance Intermediary Act.|48.94.901 - Severability—Implementation—1993 c 462.

RCW 48.94.901 Severability—Implementation—1993 c 462.See RCW 48.31B.901 and 48.31B.902.
WA Rev Code § 48.97.005 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.97 - Producer-Controlled Property and Casualty Insurer Act.|48.97.005 - Definitions.

RCW 48.97.005 Definitions.Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.(1) "Accredited state" means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners.(2) "Control" or "controlled by" has the meaning ascribed in RCW 48.31B.005(3).(3) "Controlled insurer" means a licensed insurer that is controlled, directly or indirectly, by a broker.(4) "Controlling producer" means a producer who, directly or indirectly, controls an insurer.(5) "Licensed insurer" or "insurer" means a person, firm, association, or corporation licensed to transact property and casualty insurance business in this state. The following, among others, are not licensed insurers for purposes of this chapter:(a) Risk retention groups as defined in the Superfund Amendments Reauthorization Act of 1986, P.L. 99-499, 100 Stat. 1613 (1986), the Risk Retention Act, 15 U.S.C. Sec. 3901 et seq. (1982 Supp. 1986), and chapter 48.92 RCW;(b) Residual market pools and joint underwriting associations; and(c) Captive insurers. For the purposes of this chapter, captive insurers are insurance companies owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies or, in the case of groups and associations, insurance organizations owned by the insureds whose exclusive purpose is to insure risks to member organizations or group members, or both, and their affiliates.(6) "Producer" means an insurance broker or brokers or any other person, firm, association, or corporation when, for compensation, commission, or other thing of value, the person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of an insurance contract on behalf of an insured other than the person, firm, association, or corporation.[ 2015 c 122 § 17; 2008 c 217 § 75; 1993 c 462 § 17.]NOTES:Effective dates—2015 c 122: See note following RCW 48.31B.005.Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
WA Rev Code § 48.97.010 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.97 - Producer-Controlled Property and Casualty Insurer Act.|48.97.010 - Application.

RCW 48.97.010 Application.This chapter applies to licensed insurers either domiciled in this state or domiciled in a state that is not an accredited state having in effect a substantially similar law. All provisions of the Insurer Holding Company Act, chapter 48.31B RCW, or its successor act, to the extent they are not superseded by this chapter, continue to apply to all parties within the holding company systems subject to this chapter.[ 1993 c 462 § 18.]
WA Rev Code § 48.97.020 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.97 - Producer-Controlled Property and Casualty Insurer Act.|48.97.020 - Relationship between producer and controlled insurer—Producer's duty to disclose—Subproducers.

RCW 48.97.020 Relationship between producer and controlled insurer—Producer's duty to disclose—Subproducers.The producer, before the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer, except that, if the business is placed through a subproducer who is not a controlling producer, the controlling producer shall retain in his or her records a signed commitment from the subproducer that the subproducer is aware of the relationship between the insurer and the producer and that the subproducer has notified or will notify the insured.[ 2008 c 217 § 77; 1993 c 462 § 20.]NOTES:Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
WA Rev Code § 48.97.025 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.97 - Producer-Controlled Property and Casualty Insurer Act.|48.97.025 - Producer's failure to comply with chapter—Commissioner's power—Damages—Penalties.

RCW 48.97.025 Producer's failure to comply with chapter—Commissioner's power—Damages—Penalties.(1)(a) If the commissioner believes that the controlling producer has not materially complied with this chapter, or a rule adopted or order issued under this chapter, the commissioner may after notice and opportunity to be heard, order the controlling producer to cease placing business with the controlled insurer; and(b) If it is found that because of material noncompliance that the controlled insurer or any policyholder thereof has suffered loss or damage, the commissioner may maintain a civil action or intervene in an action brought by or on behalf of the insurer or policyholder for recovery of compensatory damages for the benefit of the insurer or policyholder or other appropriate relief.(2) If an order for liquidation or rehabilitation of the controlled insurer has been entered under chapter 48.31 RCW, and the receiver appointed under that order believes that the controlling producer or any other person has not materially complied with this chapter, or a rule adopted or order issued under this chapter, and the insurer suffered any loss or damage from the noncompliance, the receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer.(3) Nothing contained in this section alters or affects the right of the commissioner to impose other penalties provided for in this title.(4) Nothing contained in this section alters or affects the rights of policyholders, claimants, creditors, or other third parties.[ 2008 c 217 § 78; 1993 c 462 § 21.]NOTES:Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
WA Rev Code § 48.97.900 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.97 - Producer-Controlled Property and Casualty Insurer Act.|48.97.900 - Short title.

RCW 48.97.900 Short title.This chapter may be known and cited as the business transacted with producer-controlled property and casualty insurer act.[ 2008 c 217 § 79; 1993 c 462 § 16.]NOTES:Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.
WA Rev Code § 48.97.901 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.97 - Producer-Controlled Property and Casualty Insurer Act.|48.97.901 - Severability—Implementation—1993 c 462.

RCW 48.97.901 Severability—Implementation—1993 c 462.See RCW 48.31B.901 and 48.31B.902.
WA Rev Code § 48.98.005 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.98 - Managing General Agents Act.|48.98.005 - Definitions.

RCW 48.98.005 Definitions.Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.(1) "Actuary" means a person who is a member in good standing of the American academy of actuaries.(2) "Insurer" means a person having a certificate of authority in this state as an insurance company under RCW 48.01.050.(3) "Managing general agent" means:(a) A person who manages all or part of the insurance business of an insurer, including the management of a separate division, department, or underwriting office, and acts as a representative of the insurer whether known as a managing general agent, manager, or other similar term, and who, with or without the authority, either separately or together with affiliates, produces, directly or indirectly, and underwrites an amount of gross direct written premium equal to or more than five percent of the policyholder surplus as reported in the last annual statement of the insurer in any one quarter or year together with one or more of the following activities related to the business produced:(i) Adjusts or pays claims in excess of an amount to be determined by the commissioner; or(ii) Negotiates reinsurance on behalf of the insurer.(b) Notwithstanding (a) of this subsection, the following persons may not be managing general agents for purposes of this chapter:(i) An employee of the insurer;(ii) A United States manager of the United States branch of an alien insurer;(iii) An underwriting manager who, under a contract, manages all of the insurance operations of the insurer, is under common control with the insurer, subject to the insurer holding company act, chapter 48.31B RCW, and whose compensation is not based on the volume of premiums written; or(iv) The attorney-in-fact authorized by and acting for the subscribers of a reciprocal insurer or interinsurance exchange under powers of attorney.(4) "Underwrite" means to accept or reject risks on behalf of the insurer.[ 1993 c 462 § 35.]
WA Rev Code § 48.98.010 (2021)
2021 Revised Code of Washington|Title 48 - Insurance|Chapter 48.98 - Managing General Agents Act.|48.98.010 - Requirements for managing general agent—License—Bond—Errors and omissions policy.

RCW 48.98.010 Requirements for managing general agent—License—Bond—Errors and omissions policy.(1) No person may act in the capacity of a managing general agent with respect to risks located in this state, for an insurer authorized by this state, unless that person is licensed in this state as an insurance producer, under chapter 48.17 RCW, for the lines of insurance involved and is designated as a managing general agent and appointed as such by the insurer.(2) No person may act in the capacity of a managing general agent representing an insurer domiciled in this state with respect to risks located outside this state unless that person is licensed as an insurance producer in this state, under chapter 48.17 RCW, for the lines of insurance involved and is designated as a managing general agent and appointed as such by the insurer.(3) The commissioner may require a bond for the protection of each insurer.(4) The commissioner may require the managing general agent to maintain an errors and omissions policy.[ 2008 c 217 § 80; 1993 c 462 § 36.]NOTES:Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.