Washington Code 48.84.030 – Rules — Benefits-premiums ratio, coverage limitations
Current as of: 2023 | Check for updates
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(1) The commissioner shall adopt rules requiring reasonable benefits in relation to the premium or price charged for long-term care policies and contracts which rules may include but are not limited to the establishment of minimum loss ratios.
Terms Used In Washington Code 48.84.030
- Contract: A legal written agreement that becomes binding when signed.
(2) In addition, the commissioner may adopt rules establishing standards for long-term care coverage benefit limitations, exclusions, exceptions, and reductions and for policy or contract renewability.
[ 1986 c 170 § 3.]