RCW 48.29.143
Premium rates—Actuarially sound estimates.
(1) Premium rates for the insuring or guaranteeing of titles shall not be excessive, inadequate, or unfairly discriminatory.
(2) A rate is not excessive, inadequate, or unfairly discriminatory if it is an actuarially sound estimate of the expected value of all future costs associated with an individual risk transfer. Such costs include claims, claim settlement expenses, operational and administrative expenses, and the cost of capital.
[ 2008 c 110 § 4.]
Structure Revised Code of Washington
Chapter 48.29 - Title Insurers.
48.29.005 - Administration of chapter—Rules.
48.29.010 - Scope of chapter—Definitions.
48.29.015 - Requirement to maintain records—Report to commissioner.
48.29.018 - Information filed under RCW 48.29.017—Confidentiality.
48.29.020 - Certificate of authority—Qualifications.
48.29.040 - May do business in two or more counties—Restrictions.
48.29.120 - Reserve requirements.
48.29.140 - Premium rates—Required filings—Transition date set by rule.
48.29.143 - Premium rates—Actuarially sound estimates.
48.29.147 - Required filings—Information subject to review—Commissioner's powers—Timing.
48.29.148 - Form and rate filings by rating organization.
48.29.149 - Form and rate filings by rating organization—Deviation.
48.29.150 - Taxation of title insurers.
48.29.155 - Agent license—Financial responsibility—Definitions.
48.29.160 - Agents—County tract indexes required.
48.29.170 - Agents—Separate licenses for individuals not required.
48.29.180 - Disclosure of energy conservation payment obligations—Informational note—Liability.
48.29.190 - Conducting business as escrow agent—Requirements—Violation, penalties.
48.29.193 - Escrow services—Schedule of fees filed with commissioner.
48.29.195 - Escrow services—Schedule of fees made available to public.
48.29.200 - Prohibited practices.
48.29.210 - Business inducements—Prohibited practices.
48.29.213 - Return on ownership interest—Certain payments authorized.
48.29.400 - Rating organizations—Intent.
48.29.405 - Rating organizations—License required.
48.29.410 - Rating organizations—License applications.
48.29.415 - Rating organizations—License issuance—Term.
48.29.420 - Rating organizations—License suspension and revocation.
48.29.425 - Rating organizations—Commissioner notification.
48.29.430 - Rating organizations—Subscribers.
48.29.435 - Rating organizations—Review by commissioner.
48.29.440 - Rating organizations—Cooperative activities and practices.
48.29.445 - Rating organizations—Actuarial, technical, and other services.
48.29.450 - Rating organizations—Records—Commissioner cost recovery rules.
48.29.455 - Rating organizations—Members and subscribers—Appeal to commissioner.
48.29.460 - Rating organizations—Members and subscribers—Discrimination.
48.29.465 - Rating organizations—Membership or subscription not required.
48.29.470 - Rating organizations—Aggregate information and experience data—Exchange.
48.29.500 - Advisory organizations—Filings with commissioner.
48.29.510 - Advisory organizations—Acts and practices inconsistent with chapter.
48.29.901 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.