Section 284-29A-050 - Unfairly discriminatory ratesSituations 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.Wash. Admin. Code § 284-29A-050
Amended by WSR 14-10-056, filed 5/2/14, effective 6/2/2014Statutory 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.