Thursday, May 30, 2013

Washington Eases Requirements for Surplus Lines Broker Licensing

In a recent ruling, Revised WAC 284-15-010, the Washington State Office of the Insurance Commissioner streamlined licensing requirements for surplus lines brokers in that state.    Surplus lines brokers will no longer be required to hold a concurrent Washington insurance producer license in order to receive a surplus lines broker license.  The Commissioner will now be able to license both resident and non-resident surplus lines brokers without the concurrent licensing requirement.  This will make Washington reciprocal with other states.

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