WAC 284-13-700. Definitions

(1) Terms used in this regulation (WAC 284-13-700 through 284-13-760 ) that are defined in the Reinsurance Intermediary Act chapter 48.94 RCW ("the act") have the meaning stated there. (2) Whether a person is an "employee" of the reinsurer for purposes of RCW 48.94.005 (7)(a) depends on the facts and is not controlled by a mere labeling of the person as an employee in an agreement. (3) A reinsurer is "licensed in this state" for purposes of RCW 48.94.005 (8) when it holds a certificate of authority to transact the relevant line of insurance.