284-17-735  <<  284-17-805 >>   284-17-810

WAC 284-17-805

Charitable contributions.

(1) An insurance producer may pay or assign all or a portion of a commission, fee, or other consideration received in connection with the sale, solicitation, or negotiation of insurance to a bona fide charitable or nonprofit organization as defined in chapter 48.30 RCW if all of the following conditions are met:
(a) The insured or prospective insured has no influence over which bona fide charitable or nonprofit organization receives the payment or assignment;
(b) The payment or assignment is not made in the insured's or prospective insured's name;
(c) The insured or prospective insured is not entitled to a tax benefit for the payment or assignment; and
(d) The insured or prospective insured does not select or influence the selection of the person or persons who benefit from the bona fide charitable or nonprofit organization.
(2) An insurance producer may sponsor events for, or make contributions to a bona fide charitable or nonprofit organization if the sponsorship or contribution is not conditioned upon any person affiliated with or interested in the bona fide charitable or nonprofit organization applying for or obtaining insurance through the insurance producer.
(3) An insurance producer may not sponsor events for or make contributions to a bona fide charitable or nonprofit organization if the sponsorship or contribution is conditioned upon the referral of insurance business to the insurance producer or endorsement of the insurance producer or insurance product by the bona fide charitable or nonprofit organization.
[Statutory Authority: RCW 48.02.060, 48.17.005, and 48.17.490. WSR 16-01-024 (Matter No. R 2015-07), ยง 284-17-805, filed 12/7/15, effective 1/7/16.]
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