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Can you summarize WAAC 230-07-106?

Charitable and nonprofit rules. > Insuring prizes.

Short Summary

(1) We prohibit basing contracts for prize insurance on a percentage of the gambling activity. (2) We allow prize insurance based on a flat fee or monthly fee. [Statutory Authority: RCW 9.46.070. WSR 07-21-116 (Order 617), 230-07-106, filed 10/22/07, effective 1/1/08.]

Jurisdiction

Washington

Source
WAAC 230-07-106 [https://reggi.cloud.regology.com/regulations/US-WAAC/US-WAAC_T_230_C_07_S_106]