Wash. Admin. Code § 296-17B-420

Current through Register Vol. 24-17, September 1, 2024

Section 296-17B-420 - Premium administration expense charge

You will pay a premium administration expense charge for your share of the expenses of the industrial insurance program that are not directly related to claims administration. To determine your premium administration expense charge, our actuaries will multiply your standard premiums by the premium administration expense factor, which is seven and three-tenths percent. This charge is not performance adjusted.

The premium administration expense factor was determined using premium and expense data from fiscal years 2020 through 2022.

Wash. Admin. Code § 296-17B-420

Amended by WSR 17-12-020, Filed 5/30/2017, effective 6/30/2017

Amended by WSR 23-17-146, Filed 8/22/2023, effective 10/1/2023

Statutory Authority: RCW 51.16.035, 51.16.100, 51.04.020(1), and 51.18.010. 10-21-086, § 296-17B-420, filed 10/19/10, effective 11/19/10.