reglab/statecodes huggingface dataset:
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-010 - Who needs to be licensed as a rental car insurance producer?

Current through Register Vol. 24-14, July 15, 2024
Any person in the business of renting cars to the public and
				offering rental car insurance must either:
(1) Be licensed under chapter 284-17 WAC;
			 or
(2) Comply with chapter 48.115
			 RCW and this chapter.
Statutory Authority:
				  RCW
				  48.02.060(3)(a) and
				  48.17.010(5).
				  11-01-159 (Matter No. R 2010-09), §
										284-17B-010, filed 12/22/10,
				  effective 1/22/11. Statutory Authority:
				  RCW
				   48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-010, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-015 - How can I apply for a rental car insurance producer license?

Current through Register Vol. 24-14, July 15, 2024
Forms and instructions may be obtained by either calling the
				office of insurance commissioner or downloading them from the web site:
www.insurance.wa.gov/
. To apply for
				a rental car insurance producer license, the following must be
				submitted:
(1) A rental car insurance
			 producer application signed by the applicant, an officer of the applicant, or
			 owner of the rental car-company;
(2) A copy of articles of
			 incorporation;
(3) A certificate of
			 good standing from the secretary of state;
(4) Underwriting insurer appointment form,
			 INS 18;
(5) The insurer's
			 certification form as described in
			 RCW
			  48.115.015(2)(a) signed by
			 the appointing authority;
(6) A
			 list of all locations in Washington identifying the manager or direct
			 supervisor at each;
(7) A list of
			 the names of all endorsees to its rental car insurance producer
			 license;
(8) Certification by the
			 rental car company that the listed endorsees have met the training requirements
			 in RCW
			  48.115.020(4) and are
			 authorized to offer, sell, and solicit insurance in connection with the rental
			 of vehicles as described in
			 RCW
			  48.115.005(7).
(9) The training and education program and
			 materials as described in
			 RCW
			  48.115.020(4) and all
			 brochures and other written materials provided to renters as described in
			 RCW
			  48.115.025; and
(10) Initial fees:
a. License fee for two years:
$130 for business with under 50 employees
$375 for business with 50 or more employees
b. Appointment fee:
$20 for each underwriting insurer
c. Location fee:
$35 for each additional location. Location fees are
							 not required for locations where there are no endorsees due to waiver or
							 approved alternate arrangement under WAC
							 284-17B-080
Statutory Authority:
				  RCW
				  48.02.060(3)(a) and
				  48.17.010(5).
				  11-01-159 (Matter No. R 2010-09), §
										284-17B-015, filed 12/22/10,
				  effective 1/22/11. Statutory Authority:
				  RCW
				   48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-015, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-020 - Do I have continuing reporting and recordkeeping requirements?

Current through Register Vol. 24-14, July 15, 2024
(1) Yes. The list
			 of names of all endorsees to the rental car insurance producer license must be
			 updated quarterly on a calendar year basis and submitted at the time of license
			 renewal. The rental car company must retain each list for a period of three
			 years from submission. At any time, endorsee lists must be provided to the
			 commissioner upon request.
(2) The
			 rental car insurance producer must maintain records of each transaction which
			 allows it to identify the endorsee for one year.
Statutory Authority:
				  RCW
				  48.02.060(3)(a) and
				  48.17.010(5).
				  11-01-159 (Matter No. R 2010-09), §
										284-17B-020, filed 12/22/10,
				  effective 1/22/11. Statutory Authority:
				  RCW
				   48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-020, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-025 - How is a rental car insurance producer license renewed?

Current through Register Vol. 24-14, July 15, 2024
Rental car insurance producer licenses are issued for a period
				of two years. A renewal notice will be mailed to each licensed rental car
				insurance producer every other year from the date of issuance. The renewal
				notice must be submitted with the rental car company certification form and
				applicable fee:
Date Fees are Received
Fee Every Other Year
50 OR MORE EMPLOYEES
Prior to or on renewal date:
$375 with $35 per each additional location
1-30 days late
$562.50 with $35 per each additional location
31-60 days late
$749.75 with $35 per each additional location
61 or more days late
New license is required
UNDER 50 EMPLOYEES
Prior to or on renewal date:
$130 with $35 per additional location
1-30 days late
$195 with $35 per each additional location
31-60 days late
$260 with $35 per each additional location
61 or more days late
New license is required
Statutory Authority:
				  RCW
				  48.02.060(3)(a) and
				  48.17.010(5).
				  11-01-159 (Matter No. R 2010-09), §
										284-17B-025, filed 12/22/10,
				  effective 1/22/11. Statutory Authority:
				  RCW
				   48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-025, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-030 - Can the rental car insurance producer endorse someone to act on behalf of the agent?

Current through Register Vol. 24-14, July 15, 2024
Yes. An endorsee may act on behalf of the rental car insurance
				producer. The endorsee may act only in the offer, sale, or solicitation of
				rental car insurance. A rental car insurance producer is responsible for, and
				must supervise, all actions of its endorsees related to the offering, sale, or
				solicitation of rental car insurance.
Statutory Authority:
				  RCW
				  48.02.060(3)(a) and
				  48.17.010(5).
				  11-01-159 (Matter No. R 2010-09), §
										284-17B-030, filed 12/22/10,
				  effective 1/22/11. Statutory Authority:
				  RCW
				   48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-030, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-035 - Who can be a rental car insurance producer endorsee?

Current through Register Vol. 24-14, July 15, 2024
An employee or agent of a rental car insurance producer may be
				an endorsee under the authority of the rental car agent license, if all of the
				following conditions are met:
(1) The
			 employee or agent is eighteen years of age or older;
(2) The employee or agent is a trustworthy
			 person and has not committed any act set forth in
			 RCW
			  48.17.530;
(3) The employee or agent has completed a
			 training and education program; and
(4) The employee or agent has a current
			 agreement or business relationship with the rental car company.
Statutory Authority:
				  RCW
				  48.02.060(3)(a) and
				  48.17.010(5).
				  11-01-159 (Matter No. R 2010-09), §
										284-17B-035, filed 12/22/10,
				  effective 1/22/11. Statutory Authority:
				  RCW
				   48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-035, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-040 - Is the rental car insurance producer required to provide training and education to its endorsees?

Current through Register Vol. 24-14, July 15, 2024
Yes. The rental car insurance producer must provide training
				and education to its endorsees as described in
				RCW
				 48.115.020(4).
Statutory Authority:
				  RCW
				  48.02.060(3)(a) and
				  48.17.010(5).
				  11-01-159 (Matter No. R 2010-09), §
										284-17B-040, filed 12/22/10,
				  effective 1/22/11. Statutory Authority:
				  RCW
				   48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-040, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-045 - What activities are prohibited for rental car insurance producers?

Current through Register Vol. 24-14, July 15, 2024
A rental car insurance producer must comply with
				RCW
				 48.115.030.
Statutory Authority:
				  RCW
				  48.02.060(3)(a) and
				  48.17.010(5).
				  11-01-159 (Matter No. R 2010-09), §
										284-17B-045, filed 12/22/10,
				  effective 1/22/11. Statutory Authority:
				  RCW
				   48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-045, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-050 - How should a rental car insurance producer account for premiums?

Current through Register Vol. 24-14, July 15, 2024
A rental car insurance producer is required to treat money
				collected from renters purchasing rental car insurance as funds received in a
				fiduciary capacity, unless:
(1) The
			 charges for rental car insurance coverage are itemized and related to a rental
			 transaction; and
(2) The insurer
			 has consented in writing that premiums do not need to be segregated from funds
			 received by the rental car insurance producer. This written statement must be
			 signed by an officer of the insurer.
Statutory Authority:
				  RCW
				  48.02.060(3)(a) and
				  48.17.010(5).
				  11-01-159 (Matter No. R 2010-09), §
										284-17B-050, filed 12/22/10,
				  effective 1/22/11. Statutory Authority:
				  RCW
				   48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-050, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-055 - What information must be included in the rental agreement?

Current through Register Vol. 24-14, July 15, 2024
The rental agreement must be in writing and include the
				following:
(1) Evidence of the rental
			 car insurance coverage stated on the face sheet; and
(2) An itemized list of all costs.
Statutory Authority:
				  RCW
				  48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-055, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-060 - What information must be included in the written material or brochure?

Current through Register Vol. 24-14, July 15, 2024
The brochure and written material must clearly, conspicuously,
				and in plain language:
(1) Summarize,
			 clearly and correctly, the material terms, exclusions, limitations, and
			 conditions of coverage offered to renters, including the identity of the
			 insurer;
(2) Describe the process
			 for filing a claim including a toll-free telephone number to report a
			 claim;
(3) Provide the rental car
			 insurance producer's name, address, telephone number, and license number, and
			 the commissioner's consumer hotline number;
(4) Inform the renter that the rental car
			 insurance may duplicate coverage provided by the renter's personal automobile
			 insurance policy, homeowners' insurance policy, or by another source of
			 coverage;
(5) Inform the renter
			 that when the rental car insurance is not the primary source of coverage, the
			 renter's personal insurance will serve as the primary source of
			 coverage;
(6) Inform the renter
			 that the purchase of the rental car insurance is not required to rent a car
			 from the rental car insurance producer; and
(7) Inform the renter that the rental car
			 insurance producer and the endorsees are not qualified to evaluate the adequacy
			 of the renter's existing insurance coverages.
(8) The policy or certificate of coverage and
			 rates must be filed and approved by OIC as outlined in
			 RCW
			  48.18.100 and
			 48.19.040.
(9) If the written material includes a
			 certificate of coverage or policy, the form number and edition, if applicable,
			 of the approved certificate of coverage or policy must be identified on the
			 printed material. The insurer must certify that the policy or certificate of
			 coverage and the rates have been approved and that the wording on the written
			 material is exactly as approved.
(10)
(a)
			 The renter must acknowledge the receipt of the brochures and written materials.
			 The acknowledgment may be in the brochure or written materials, rental
			 agreement, or a separate document.
(b) For transactions conducted by electronic
			 means, the rental car agent must comply with the requirements of (a) of this
			 subsection. Acknowledgment of the receipt of the documents may be made by
			 either written or digital signature.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-065 - What information must be available to prospective renters?

Current through Register Vol. 24-14, July 15, 2024
Approved written material must be readily available to
				prospective renters at every location where rental car insurance is
				offered.
Statutory Authority:
				  RCW
				  48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-065, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-070 - Should changes to brochures or written materials be submitted to the commissioner?

Current through Register Vol. 24-14, July 15, 2024
Yes, all changes to brochures and written materials concerning
				the rental car insurance must be submitted to and approved by the commissioner
				prior to use. If the brochures have changes unrelated to the rental car
				insurance, those changes do not have to be submitted and
				approved.
Statutory Authority:
				  RCW
				  48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-070, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-075 - Does the commissioner have authority to suspend, fine, or revoke my license or refuse to license me?

Current through Register Vol. 24-14, July 15, 2024
Yes, the commissioner may fine, suspend, revoke, or refuse to
				issue a license to a rental car insurance producer or applicant. See
				RCW
				 48.115.035.
Statutory Authority:
				  RCW
				  48.02.060(3)(a) and
				  48.17.010(5).
				  11-01-159 (Matter No. R 2010-09), §
										284-17B-075, filed 12/22/10,
				  effective 1/22/11. Statutory Authority:
				  RCW
				   48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-075, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-17B - Rental car insurance producer › Section 284-17B-080 - Can the commissioner waive requirements or allow alternative mechanisms for the reporting or training and education requirements?

Current through Register Vol. 24-14, July 15, 2024
Yes. The commissioner may waive or accept alternate
				arrangements for some or all of the reporting requirements in WAC
				284-17B-020 and the endorsee
				training and education requirements in WAC
				284-17B-040 when the endorsees
				receive no compensation in any form based on the offering or sale of rental car
				insurance. A request for an alternative arrangement or waiver must be in
				writing. The request must detail why the reporting or training and education
				requirement is unduly burdensome due to cost or the nature of the business
				structure. The request must detail how consumers will be adequately protected
				under the proposed alternate arrangement or the proposed waiver. A new request
				must be filed at the time of license renewal.
Statutory Authority:
				  RCW
				  48.02.060,
				  48.30.010, and chapter 48.115 RCW.
				  04-22-045 (Matter No. R 2002-05), §
										284-17B-080, filed 10/27/04,
				  effective 11/27/04.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-200 - Purpose

Current through Register Vol. 24-14, July 15, 2024
The purpose of these rules is to set forth rules and
				procedural requirements which the commissioner deems necessary to carry out the
				provisions of the NAIC Insurance Holding Company System Regulatory Act, chapter
				48.31B RCW, of the insurance code hereinafter referred to as "the act." The
				information called for by these rules is hereby declared to be necessary and
				appropriate in the public interest and for the protection of the policyholders
				in this state.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-300 - Forms-General requirements

Current through Register Vol. 24-14, July 15, 2024
(1)
			 Forms A, B, C, D, E, and F are intended to be guides in the preparation of the
			 statements required by
			 RCW
			  48.31B.015,
			 48.31B.020,
			 48.31B.025, and
			 48.31B.030. They are not intended
			 to be blank forms which are to be filled in. These statements filed must
			 contain the numbers and captions of all items, but the text of the items may be
			 omitted provided the answers thereto are prepared in such a manner as to
			 indicate clearly the scope and coverage of the items. All instructions, whether
			 appearing under the items of the form or elsewhere therein, are to be omitted.
			 Unless expressly provided otherwise, if any item is inapplicable or the answer
			 thereto is in the negative, an appropriate statement to that effect must be
			 made.
(2) The Forms A, B, C, D, E,
			 and F including exhibits and all other papers and documents filed as a part
			 thereof, must be filed with the commissioner as instructed on the
			 commissioner's web site. The forms must be manually or electronically signed in
			 the manner prescribed on the commissioner's web site. Unsigned copies must be
			 conformed. If the signature of any person is affixed pursuant to a power of
			 attorney or other similar authority, a copy of the power of attorney or other
			 authority must also be filed with the statement.
(3) If an applicant requests a hearing on a
			 consolidated basis under
			 RCW
			  48.31B.015(4)(c) in addition
			 to filing the Form A with the commissioner, the applicant must file a copy of
			 the Form A with the National Association of Insurance Commissioners (NAIC) in
			 electronic form.
(4) Statements
			 must be prepared electronically as instructed on the commissioner's web site.
			 Debits in credit categories and credits in debit categories must be designated
			 so as to be clearly distinguishable as such on the statements. Statements must
			 be in the English language and monetary values must be stated in United States
			 currency. If any exhibit or other document filed with the statement is in a
			 foreign language, it must be accompanied by a translation into the English
			 language and any monetary value shown in a foreign currency normally must be
			 converted into United States currency.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-300, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-310 - Forms-Incorporation by reference, summaries, and omissions

Current through Register Vol. 24-14, July 15, 2024
(1) Information required by any item of Form
			 A, B, D, E, or F may be incorporated by reference in answer or partial answer
			 to any other item. Information contained in any financial statement, annual
			 report, proxy statement, statement filed with a governmental authority, or any
			 other document may be incorporated by reference in answer or partial answer to
			 any item of Form A, B, D, E, or F provided the document is filed as an exhibit
			 to the statement. Excerpts of documents may be filed as exhibits if the
			 documents are extensive. Documents currently on file with the commissioner
			 which were filed within three years need not be attached as exhibits.
			 References to information contained in exhibits or in documents already on file
			 must clearly identify the material and must specifically indicate that such
			 material is to be incorporated by reference in answer to the item. Matter must
			 not be incorporated by reference in any case where the incorporation would
			 render the statement incomplete, unclear, or confusing.
(2) Where an item requires a summary or
			 outline of the provisions of any document, only a brief statement must be made
			 as to the pertinent provisions of the document. In addition to the statement,
			 the summary or outline may incorporate by reference particular parts of any
			 exhibit or document currently on file with the commissioner which was filed
			 within three years and may be qualified in its entirety by the reference. In
			 any case where two or more documents required to be filed as exhibits are
			 substantially identical in all material respects except as to the parties
			 thereto, the dates of execution, or other details, a copy of only one of the
			 documents need be filed with a schedule identifying the omitted documents and
			 setting forth the material details in which the documents differ from the
			 documents a copy of which is filed.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-310, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-320 - Forms-Information unknown or unavailable and extension of time to furnish

Current through Register Vol. 24-14, July 15, 2024
If it is impractical to furnish any required information,
				document, or report at the time it is required to be filed, there must be filed
				with the commissioner a separate document:
(1) Identifying the information, document, or
			 report in question;
(2) Stating why
			 the filing thereof at the time required is impractical; and
(3) Requesting an extension of time for
			 filing the information, document, or report to a specified date. The request
			 for extension is granted unless the commissioner within sixty days after
			 receipt thereof enters an order denying the request.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-320, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-330 - Forms-Additional information and exhibits

Current through Register Vol. 24-14, July 15, 2024
In addition to the information expressly required to be
				included in Forms A, B, C, D, E, and F the commissioner may request further
				material information, if any, as may be necessary to make the information
				contained therein not misleading. The person filing may also file exhibits as
				it may desire in addition to those expressly required by the statement. The
				exhibits must be so marked as to indicate clearly the subject matters to which
				they refer. Changes to Forms A, B, C, D, E, or F must include on the top of
				the cover page the phrase: "Change No. (insert number) to" and must indicate
				the date of the change and not the date of the original
				filing.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-330, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-340 - Definitions

Current through Register Vol. 24-14, July 15, 2024
(1) "The act" means
			 the Insurer Holding Company Act, chapter 48.31B RCW.
(2) "Executive officer" means chief executive
			 officer, chief operating officer, chief financial officer, treasurer,
			 secretary, controller, and any other individual performing functions
			 corresponding to those performed by the foregoing officers under whatever
			 title.
(3) "Ultimate controlling
			 person" means that person which is not controlled by any other
			 person.
(4) Unless the context
			 otherwise requires, other terms found in this chapter and in
			 RCW
			  48.31B.005, are used as defined in
			 RCW
			  48.31B.005. Other nomenclature or terminology
			 is according to
			 Title
			 48 RCW, or industry usage if
			 not defined by
			 Title
			 48 RCW.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-340, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-350 - Subsidiaries of domestic insurers

Current through Register Vol. 24-14, July 15, 2024
The authority to invest in subsidiaries under chapter 48.31B
				RCW is in addition to any authority to invest in subsidiaries which may be
				contained in any other provision of
				Title
				48 RCW.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-350, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-360 - Acquisition of control-Statement filing

Current through Register Vol. 24-14, July 15, 2024
A person required to file a statement under
				RCW
				 48.31B.015, must furnish the required
				information on Form A, set forth in WAC
				284-18-910. The person must also
				furnish the required information on Form E set forth in WAC
				284-18-950.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-360, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-370 - Amendments to Form A

Current through Register Vol. 24-14, July 15, 2024
The applicant must promptly advise the commissioner of any
				changes in the information furnished on Form A arising subsequent to the date
				upon which the information was furnished but prior to the commissioner's
				disposition of the application.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-370, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-380 - Acquisition under RCW 48.31B.015, insurers

Current through Register Vol. 24-14, July 15, 2024
(1) If the person being acquired is a
			 "domestic insurer" solely because of the provisions of
			 RCW
			  48.31B.015(1)(d), the name
			 of the domestic insurer on the cover page should be indicated as follows:
"ABC Insurance Company, a subsidiary of XYZ Holding
				Company."
(2) Where the
			 insurer is being acquired, references to "the insurer" contained in Form A must
			 refer to both the domestic subsidiary insurer and the person being
			 acquired.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-380, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-385 - Preacquisition notification

Current through Register Vol. 24-14, July 15, 2024
If a domestic insurer, including any person controlling a
				domestic insurer, is proposing a merger or acquisition under
				RCW
				 48.31B.015(1)(a) that person
				must file a preacquisition notification form, Form E, set forth in WAC
				284-18-950.
Additionally, if a nondomiciliary insurer authorized to do
				business in this state is proposing a merger or acquisition under
				RCW
				 48.31B.020 that person must file a
				preacquisition notification form, Form E. No preacquisition form need be filed
				if the acquisition is beyond the scope of
				RCW
				 48.31B.020 as set forth in
				RCW
				 48.31B.020(2)(b).
In addition to the information required by Form E, the
				commissioner may require an expert opinion as to the competitive impact of the
				proposed acquisition.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-390 - Annual registration of insurers-Statement filing

Current through Register Vol. 24-14, July 15, 2024
An insurer required to file an annual registration statement
				under RCW
				 48.31B.025, must furnish the required
				information on Form B, set forth in WAC
				284-18-920.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-390, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-400 - Summary of registration-Statement filing

Current through Register Vol. 24-14, July 15, 2024
An insurer required to file an annual registration statement
				under RCW
				 48.31B.025, is also required to furnish
				information required on Form C, set forth in WAC
				284-18-930.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-400, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-410 - Amendments to Form B

Current through Register Vol. 24-14, July 15, 2024
(1) An amendment to
			 Form B must be filed within fifteen days after the end of any month in which
			 there is a material change to the information provided in the annual
			 registration statement.
(2)
			 Amendments must be filed in the Form B format with only those items which are
			 being amended reported. Each amendment must include at the top of the cover
			 page "Amendment No. (insert number) to Form B for (insert year)" and must
			 indicate the date of the change and not the date of the original
			 filings.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-410, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-420 - Alternative and consolidated registrations

Current through Register Vol. 24-14, July 15, 2024
(1) Any authorized insurer may file a
			 registration statement on behalf of any affiliated insurer or insurers which
			 are required to register under
			 RCW
			  48.31B.025. A registration statement may
			 include information not required by the act regarding any insurer in the
			 insurance holding company system even if the insurer is not authorized to do
			 business in this state. In lieu of filing a registration statement on Form B,
			 the authorized insurer may file a copy of the registration statement or similar
			 report which it is required to file in its state of domicile, provided:
(a) The statement or report contains
			 substantially similar information required to be furnished on Form B;
			 and
(b) The filing insurer is the
			 principal insurance company in the insurance holding company system.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-430 - Disclaimers and termination of registration

Current through Register Vol. 24-14, July 15, 2024
(1) A disclaimer of affiliation or a request
			 for termination of registration claiming that a person does not, or will not
			 upon the taking of some proposed action, control another person (hereinafter
			 referred to as the "subject") must contain the following information:
(a) The number of authorized, issued, and
			 outstanding voting securities of the subject;
(b) With respect to the person whose control
			 is denied and all affiliates of the person, the number and percentage of shares
			 of the subject's voting securities which are held of record or known to be
			 beneficially owned, and the number of the shares concerning which there is a
			 right to acquire, directly or indirectly;
(c) All material relationships and bases for
			 affiliation between the subject and the person whose control is denied and all
			 affiliates of the person;
(d) A
			 statement explaining why the person should not be considered to control the
			 subject.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-440 - Transactions subject to prior notice-Notice filing

Current through Register Vol. 24-14, July 15, 2024
(1) An insurer required to give notice of a
			 proposed transaction under
			 RCW
			  48.31B.030, must furnish the required
			 information on Form D, set forth in WAC
			 284-18-940.
(2) Agreements for cost-sharing services and
			 management services must at a minimum and as applicable:
(a) Identify the person providing the
			 services and the nature of the services;
(b) Set forth the methods to allocate
			 costs;
(c) Require timely
			 settlement, not less frequently than on a quarterly basis, and compliance with
			 the requirements in the accounting practices and procedures manual;
(d) Prohibit advancement of funds by the
			 insurer to the affiliate except to pay for services defined in the
			 agreement;
(e) State that the
			 insurer will maintain oversight for functions provided to the insurer by the
			 affiliate and that the insurer will monitor services annually for quality
			 assurance;
(f) Define books and
			 records of the insurer to include all books and records developed or maintained
			 under or related to the agreement;
(g) Specify that all books and records of the
			 insurer are the exclusive property of the insurer, held for the benefit of the
			 insurer and are subject to the control of the insurer;
(h) State that all funds and invested assets
			 of the insurer are the exclusive property of the insurer, held for the benefit
			 of the insurer and are subject to the control of the insurer;
(i) Include standards for termination of the
			 agreement with and without cause;
(j) Include provisions for indemnification of
			 the insurer in the event of gross negligence or willful misconduct on the part
			 of the affiliate providing the services;
(k) Specify that, if the insurer is placed in
			 receivership or delinquency proceedings by the commissioner under either
			 chapter
			 48.31 or 48.99 RCW, or
			 both:
(i) All of the rights of the insurer
			 under the agreement extend to the receiver or commissioner; and
(ii) All books and records will immediately
			 be made available to the receiver or commissioner, and must be turned over to
			 the receiver or commissioner immediately upon the receiver or the
			 commissioner's request;
(l) Specify that the affiliate has no
			 automatic right to terminate the agreement if the insurer is placed in
			 receivership under either
			 chapter
			 48.31 or 48.99 RCW, or
			 both; and
(m) Specify that the
			 affiliate will continue to maintain any systems, programs, or other
			 infrastructure notwithstanding a delinquency proceeding by the commissioner
			 under either
			 chapter
			 48.31 or 48.99 RCW, or
			 both, and will make them available to the receiver, for so long as the
			 affiliate continues to receive timely payments for services rendered.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-445 - Enterprise risk report

Current through Register Vol. 24-14, July 15, 2024
The ultimate controlling person of an insurer required to file
				an enterprise risk report under
				RCW
				 48.31B.025(12) must furnish
				the required information on Form F, set forth in WAC
				284-18-960.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-450 - Extraordinary dividends and other distributions

Current through Register Vol. 24-14, July 15, 2024
(1) Requests for approval of extraordinary
			 dividends or any other extraordinary distribution to shareholders must include
			 the following:
(a) The amount of the proposed
			 dividend;
(b) The date established
			 for payment of the dividend;
(c) A
			 statement as to whether the dividend is to be in cash or other property and, if
			 in property, a description thereof, its cost, and its fair market value
			 together with an explanation of the basis for valuation;
(d) A copy of the calculations determining
			 that the proposed dividend is extraordinary. The work paper must include the
			 following information:
(i) The amounts,
			 dates, and form of payment of all dividends or distributions (including regular
			 dividends but excluding distributions of the insurers own securities) paid
			 within the period of twelve consecutive months ending on the date fixed for
			 payment of the proposed dividend for which approval is sought and commencing on
			 the day after the same day of the same month in the last preceding
			 year;
(ii) Surplus as regards
			 policyholders (total capital and surplus) as of the preceding December
			 31st;
(iii) If the insurer is a
			 life insurer, the net gain from operations for the twelve-month period ending
			 the preceding December 31st;
(iv)
			 If the insurer is not a life insurer, the net income less realized capital
			 gains for the twelve-month period ending the preceding December 31st and the
			 two preceding twelve-month periods; and
(v) If the insurer is not a life insurer, the
			 dividends paid to stockholders excluding distributions of the insurer's own
			 securities in the preceding two calendar years.
(e) A balance sheet and statement of income
			 for the period intervening from the last annual statement filed with the
			 commissioner and the end of the month preceding the month in which the request
			 for dividend approval is submitted; and
(f) A brief statement as to the effect of the
			 proposed dividend upon the insurer's surplus and the reasonableness of surplus
			 in relation to the insurer's outstanding liabilities and the adequacy of
			 surplus relative to the insurer's financial needs.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-460 - Adequacy of surplus

Current through Register Vol. 24-14, July 15, 2024
The factors set forth in
				RCW
				 48.31B.030(3), are not
				intended to be an exhaustive list. In determining the adequacy and
				reasonableness of an insurer's surplus no single factor is necessarily
				controlling. The commissioner, instead, will consider the net effect of all of
				these factors plus other factors bearing on the financial condition of the
				insurer. In comparing the surplus maintained by other insurers, the
				commissioner will consider the extent to which each of these factors varies
				from company to company and in determining the quality and liquidity of
				investments in subsidiaries, the commissioner will consider the individual
				subsidiary and may discount or disallow its valuation to the extent that the
				individual investments so warrant.
Statutory Authority:
				  RCW
				   48.02.060 and 1993 c 462 § 9. 93-19-005
				  (Order R 93-9), §
										284-18-460, filed 9/1/93,
				  effective 10/2/93.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-500 - Severability

Current through Register Vol. 24-14, July 15, 2024
If any provision of this chapter or its application to any
				person or circumstances is held invalid, the remainder of the chapter or its
				application of the provision to other persons or circumstances is not
				affected.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18 - Washington insurance holding company regulation › Section 284-18-950 - Form E

Current through Register Vol. 24-14, July 15, 2024
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ITEM 1. NAME AND ADDRESS
State the name and address of the person who hereby provides
				notice of their involvement in a pending acquisition or change in corporate
				control.
ITEM 2. NAME AND ADDRESSES OF AFFILIATED
				COMPANIES
State the name and addresses of the persons affiliated with
				those listed in Item 1.
Describe their affiliations.
ITEM 3. NATURE AND PURPOSE OF THE PROPOSED MERGER OR
				ACQUISITION
State the nature and purpose of the proposed merger or
				acquisition.
ITEM 4. NATURE OF BUSINESS
State the nature of the business performed by each of the
				persons identified in respect to Item 1 and Item 2.
ITEM 5. MARKET AND MARKET SHARE
State specifically what market and market share in each
				relevant insurance market the persons identified in Item 1 and Item 2 currently
				enjoy in this state. Provide historical market and market share data for each
				person identified in Item 1 and Item 2 for the past five years and identify the
				source of the data. Provide a determination as to whether the proposed
				acquisition or merger, if consummated, would violate the competitive standards
				of this state as stated in
				RCW
				 48.31B.020(4). If the
				proposed acquisition or merger would violate the competitive standards, provide
				justification of why the acquisition or merger would not substantially lessen
				competition or create a monopoly in this state.
For purposes of this question, market means direct written
				premiums in this state for a line of business as contained in the annual
				statement required to be filed by insurers authorized to do business in this
				state.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18A - Health care service contractor and health maintenance holding company regulation › Section 284-18A-300

Current through Register Vol. 24-14, July 15, 2024
Statutory Authority:
				  RCW
				   48.02.060,
				  48.44.050,
				  48.46.200, chapter 48.31C RCW.
				  02-21-123 (Matter No. R 2001-08), §
										284-18A-300, filed 10/23/02,
				  effective 11/23/02.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18A - Health care service contractor and health maintenance holding company regulation › Section 284-18A-310

Current through Register Vol. 24-14, July 15, 2024
Statutory Authority:
				  RCW
				   48.02.060,
				  48.44.050,
				  48.46.200, chapter 48.31C RCW.
				  02-21-123 (Matter No. R 2001-08), §
										284-18A-310, filed 10/23/02,
				  effective 11/23/02.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18A - Health care service contractor and health maintenance holding company regulation › Section 284-18A-320

Current through Register Vol. 24-14, July 15, 2024
Statutory Authority:
				  RCW
				   48.02.060,
				  48.44.050,
				  48.46.200, chapter 48.31C RCW.
				  02-21-123 (Matter No. R 2001-08), §
										284-18A-320, filed 10/23/02,
				  effective 11/23/02.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18A - Health care service contractor and health maintenance holding company regulation › Section 284-18A-330

Current through Register Vol. 24-14, July 15, 2024
Statutory Authority:
				  RCW
				   48.02.060,
				  48.44.050,
				  48.46.200, chapter 48.31C RCW.
				  02-21-123 (Matter No. R 2001-08), §
										284-18A-330, filed 10/23/02,
				  effective 11/23/02.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18A - Health care service contractor and health maintenance holding company regulation › Section 284-18A-340

Current through Register Vol. 24-14, July 15, 2024
Statutory Authority:
				  RCW
				   48.02.060,
				  48.44.050,
				  48.46.200, chapter 48.31C RCW.
				  02-21-123 (Matter No. R 2001-08), §
										284-18A-340, filed 10/23/02,
				  effective 11/23/02.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18A - Health care service contractor and health maintenance holding company regulation › Section 284-18A-350

Current through Register Vol. 24-14, July 15, 2024
Statutory Authority:
				  RCW
				   48.02.060,
				  48.44.050,
				  48.46.200, chapter 48.31C RCW.
				  02-21-123 (Matter No. R 2001-08), §
										284-18A-350, filed 10/23/02,
				  effective 11/23/02.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18A - Health care service contractor and health maintenance holding company regulation › Section 284-18A-360

Current through Register Vol. 24-14, July 15, 2024
Statutory Authority:
				  RCW
				   48.02.060,
				  48.44.050,
				  48.46.200, chapter 48.31C RCW.
				  02-21-123 (Matter No. R 2001-08), §
										284-18A-360, filed 10/23/02,
				  effective 11/23/02.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18A - Health care service contractor and health maintenance holding company regulation › Section 284-18A-370

Current through Register Vol. 24-14, July 15, 2024
Statutory Authority:
				  RCW
				   48.02.060,
				  48.44.050,
				  48.46.200, chapter 48.31C RCW.
				  02-21-123 (Matter No. R 2001-08), §
										284-18A-370, filed 10/23/02,
				  effective 11/23/02.
Washington Administrative Code › Title 284 - Insurance Commissioner, Office of the › Chapter 284-18A - Health care service contractor and health maintenance holding company regulation › Section 284-18A-380

Current through Register Vol. 24-14, July 15, 2024
Statutory Authority:
				  RCW
				   48.02.060,
				  48.44.050,
				  48.46.200, chapter 48.31C RCW.
				  02-21-123 (Matter No. R 2001-08), §
										284-18A-380, filed 10/23/02,
				  effective 11/23/02.