Washington Administrative Code
Title 284 - Insurance Commissioner, Office of the
Chapter 284-29A - Title insurance rates
Section 284-29A-050 - Unfairly discriminatory rates

Universal Citation: WA Admin Code 284-29A-050

Current through Register Vol. 24-06, March 15, 2024

Situations in which the rates are unfairly discriminatory under RCW 48.29.143(1) include, but are not limited to:

(1) Negotiation or bidding of price;

(2) Rating rules that do not have a definite charge for every bracket of coverage;

(3) Discounts not provided to all qualifying risks;

(4) Rating plans in which policies:

(a) Generating higher premiums subsidize smaller policies; or

(b) From one geographical area subsidize those from another geographical area.

(5) A title insurer's application of more than one rate schedule to similarly situated risks in a county or other defined geographical area. For example, it is unfairly discriminatory for a title insurer to use different rate schedules for business produced by different title insurance agents in a specific rating territory.

Statutory Authority: RCW 48.02.060 and 48.29.005. 10-15-092 (Matter No. R 2009-01), § 284-29A-050, filed 7/20/10, effective 8/20/10.

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