48.18.220 - Receipt of premium to bind coverage -- Contents of receipt.

Receipt of premium to bind coverage — Contents of receipt.

Where an insurance producer, title insurance agent, or other representative of an insurer receipts premium money at the time that the insurance producer, title insurance agent, or representative purports to bind coverage, the receipt shall state: (a) That it is a binder, (b) a brief description of the coverage bound, and (c) the identity of the insurer in which the coverage is bound. This section does not apply as to life and disability insurances.

[2008 c 217 § 14; 1967 ex.s. c 12 § 2.]

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