Notwithstanding any other provision of law, the commissioner shall have sole and exclusive authority to regulate the issuance and sale of variable contracts; except for the examination, issuance or renewal, suspension or revocation, of a security salesperson's license issued to persons selling variable contracts. To carry out the purposes and provisions of this chapter, he or she may independently, and in concert with the director of financial institutions, issue such reasonable rules and regulations as may be appropriate.
RCW 48.18A.070
Authority of commissioner.
Known as the Variable Contract Act
The act spans §§ 48.18A.010 to 48.18A.900 (9 sections).
2013 c 23 s 102; 1994 c 92 s 503; 1969 c 104 s 7.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.