WAC 208-690-090   Annual report and annual assessment.  Every licensee must submit a completed annual report and annual license assessment fee prescribed by WAC 208-690-140. The completed report and the fee must be received in the department office no later than 5:00 p.m. July 1, or 5:00 p.m. the next business day if July 1 is not a business day. A form for the preparation of the annual report and license assessment will be made available by the department by electronic transmission or mailed upon request. The report shall include the following:

     (1) If the licensee is a money transmitter, a copy of the licensee's most recent audited annual financial statement or, if the licensee is a wholly owned subsidiary of another corporation, the most recent audited consolidated annual financial statement of the parent company.

     (2) A list of current authorized delegates in a form and in a medium prescribed by the director.

     (3) If the licensee is a money transmitter, a certification that the licensee's investment portfolio includes only permissible investments under RCW 19.230.200 and 19.230.210.

     (4) If the licensee is a money transmitter, proof that the licensee has an adequate surety bond or assignment of a certificate of deposit and net worth as required by WAC 208-690-040 through 208-690-060.

     (5) A description of each material change, as defined by WAC 208-690-110, which has not been previously reported to the director.



[Statutory Authority: RCW 19.230.310 and 43.320.040. 04-15-005, § 208-690-090, filed 7/7/04, effective 8/7/04.]