Revised Code of Washington (RCW) (Last Updated: August 9, 2016)

Section 48.115.040. Treatment of moneys collected from renters purchasing insurance.

Latest version.

A rental car insurance producer is not required to treat moneys collected from renters purchasing rental car insurance as funds received in a fiduciary capacity, if:

(1) The charges for rental car insurance coverage are itemized and ancillary to a rental transaction; and

(2) The insurer has consented in writing, signed by an officer of the insurer, that premiums need not be segregated from funds received by the rental car insurance producer.

[ 2008 c 217 § 93; 2002 c 273 § 9.]

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

2008 c 217 § 93; 2002 c 273 § 9.

                    
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