Washington § 48.98.010 - Requirements for managing general agent — License — Bond — Errors and omissions policy.

Full text of Washington Revised Code of Washington § 48.98.010 — Requirements for managing general agent — License — Bond — Errors and omissions policy., with citation guidance and answers to common questions.

§ 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 s 80; 1993 c 462 s 36.]

Notes

Severability—Effective date—2008 c 217: See notes following RCW 48.03.020.

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Frequently Asked Questions About Washington § 48.98.010

What does Revised Code of Washington § 48.98.010 cover?

Section 48.98.010 ("Requirements for managing general agent — License — Bond — Errors and omissions policy.") 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 § 48.98.010?

A common citation format is "Revised Code of Washington § 48.98.010" (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 § 48.98.010 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

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