Dividends not to be guaranteed.

  1. Law
  2. Revised Code of Washington
  3. Insurance
  4. Unfair Practices and Frauds.
  5. Dividends not to be guaranteed.

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No insurer, insurance producer, title insurance agent, or other person shall guarantee or agree to the payment of future dividends or future refunds of unused premiums or savings in any specific or approximate amounts or percentages on account of any insurance contract.

[ 2008 c 217 § 34; 1947 c 79 § .30.10; Rem. Supp. 1947 § 45.30.10.]

NOTES:

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


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