For Producers

Exempt commercial purchaser qualifications

Requirements to qualify as an exempt commercial purchaser as of January 1, 2015.

Requirements prior to January 1, 2015Requirements effective January 1, 2015

The person employs or retains a qualified risk manager to negotiate insurance coverage

This remains the same

The person has paid aggregate nationwide commercial property and casualty premiums of more than $100,000 in the immediately preceding 12 months

This remains the same

The person meets at least one of the following criteria:

A) The person possesses a net worth of more than $20 million, as the amount is adjusted under (b) of this subsection*

B) The person generates annual revenues of more than $50 million, as adjusted under (b) of this subsection*

C) The person employs more than 500 full-time or full-time-equivalent employees per insured or is a member of an affiliated group employing more than 1,000 employees in the aggregate

D) The person is a non-profit organization or public entity generating annual budgeted expenditures of at least $30 million, as the amount is adjusted under (b) of this subsection*

E) The person is a municipality with a population in excess of 50,000 persons

The person meets at least one of the following criteria:

A) The person's net worth is more than $22,040,000

B) The person generates annual revenues of more than $55,100,000

C) This remains the same

D) The person is a non-profit organization or public entity generating annual budgeted expenditures of at least $33,060,000

E) This remains the same

*RCW 48.15.010 (leg.wa.gov)