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WAC 284-17-476

License requirements for business entity affiliations.

If an individual insurance producer is affiliated with a business entity, the insurance producer is not required to be directly appointed by the insurer.
(1) The individual insurance producer's authority to transact insurance is limited to those lines of authority for which the insurance producer is licensed and that are within the business entity's lines of authority.
(2) When an insurance producer places business with an insurer that has appointed the business entity with which the insurance producer is affiliated, the insurance producer is deemed to be placing business with an insurer with which the insurance producer holds an appointment for the purpose of the bonding requirements set out in RCW 48.17.250.
[Statutory Authority: RCW 48.02.060, 48.17.005. WSR 09-02-073 (Matter No. R 2008-06), ยง 284-17-476, filed 1/6/09, effective 7/1/09.]
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