Washington § 48.56.050 - Revocation, suspension, or refusal to renew.

Full text of Washington Revised Code of Washington § 48.56.050 — Revocation, suspension, or refusal to renew., with citation guidance and answers to common questions.

§ 48.56.050. Revocation, suspension, or refusal to renew.

(1) The commissioner may revoke or suspend the license of any premium finance company when and if after investigation it appears to the commissioner that—
(a) any license issued to such company was obtained by fraud,
(b) there was any misrepresentation in the application for the license,
(c) the holder of such license has otherwise shown himself or herself untrustworthy or incompetent to act as a premium finance company, or
(d) such company has violated any of the provisions of this chapter.
(2) Before the commissioner shall revoke, suspend, or refuse to renew the license of any premium finance company, he or she shall give to such person an opportunity to be fully heard and to introduce evidence in his or her behalf. In lieu of revoking or suspending the license for any of the causes enumerated in this section, after hearing as herein provided, the commissioner may subject such company to a penalty of not more than two hundred dollars for each offense when in his or her judgment he or she finds that the public interest would not be harmed by the continued operation of such company. The amount of any such penalty shall be paid by such company through the office of the commissioner to the state treasurer. At any hearing provided by this section, the commissioner shall have authority to administer oaths to witnesses. Anyone testifying falsely, after having been administered such oath, shall be subject to the penalty of perjury.
(3) If the commissioner refuses to issue or renew any license or if any applicant or licensee is aggrieved by any action of the commissioner, said applicant or licensee shall have the right to a hearing and court proceeding as provided by statute.
[ 2009 c 549 s 7156; 1969 ex.s. c 190 s 5.]

Source: official Washington text · Last verified 2026-08-27

Related Washington Legal Topics

Frequently Asked Questions About Washington § 48.56.050

What does Revised Code of Washington § 48.56.050 cover?

Section 48.56.050 ("Revocation, suspension, or refusal to renew.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 48.56.050?

A common citation format is "Revised Code of Washington § 48.56.050" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 48.56.050 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.