(1) Domestic insurers must file a biographical affidavit:
- (a) For each officer or director as part of an application for a solicitation permit, certificate of authority, or certificate of registration.
(b) Within thirty business days after:
- (i) An individual becomes an officer or director;
- (ii) A material change of filed information required in the biographical affidavit; or
- (iii) At the request of the commissioner.
- (c) Within fifteen business days, of any information concerning the conviction of an officer or director of a felony or the naming of an officer or director, other than as a party plaintiff or complainant, in a criminal or civil action in which fraud is an issue.
- (d) Every thirty-six months after the last biographical affidavit filed.
- (2) An officer or director may choose to list all affiliate insurers and insurers under common control on one biographical affidavit in lieu of filing a separate form for each affiliated insurer.
- (3) Biographical affidavits must be investigated and verified by a vendor authorized by the NAIC to perform a state, national, or international history background check. Verification reports must be submitted directly to the commissioner by the background investigation agency.
[Statutory Authority: RCW 48.02.060, 48.36A.290, 48.44.050, 48.46.030, and 48.46.200. WSR 11-24-087 (Matter No. R 2011-19), § 284-07-620, filed 12/7/11, effective 1/7/12.]