Washington § 48.43.734 Health carrier rate filings—Review of surplus, capital, and profit levels.

Washington Statutes

§ 48.43.734 — Health carrier rate filings—Review of surplus, capital, and profit levels.

Washington § 48.43.734

Title 48INSURANCE

Ch. 48.43INSURANCE REFORM

This text of Washington § 48.43.734 (Health carrier rate filings—Review of surplus, capital, and profit levels.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 48.43.734 (2026).

Text

(1)For individual and small group rate filings with an effective date on or after January 1, 2021, submitted by a health carrier for either the individual or small group markets, the commissioner may review the carrier's surplus, capital, or profit levels as an element in determining the reasonableness of the proposed rate.

(2)In reviewing the surplus, capital, or profit levels, the commissioner must take into consideration the current capital facility needs for carriers, including those maintaining and operating hospital and clinical facilities.

(3)Except as provided in subsection (1) of this section, this section does not affect the rate review authority granted to the commissioner by chapter 48.19 , 48.44, or 48.46 RCW.

(4)Nothing in this section affects the requirement that all

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(1) For individual and small group rate filings with an effective date on or after January 1, 2021, submitted by a health carrier for either the individual or small group markets, the commissioner may review the carrier's surplus, capital, or profit levels as an element in determining the reasonableness of the proposed rate.

(2) In reviewing the surplus, capital, or profit levels, the commissioner must take into consideration the current capital facility needs for carriers, including those maintaining and operating hospital and clinical facilities.

(3) Except as provided in subsection (1) of this section, this section does not affect the rate review authority granted to the commissioner by chapter 48.19 , 48.44, or 48.46 RCW.

(4) Nothing in this section affects the requirement that all approved individual and small group rates be actuarially sound according to chapter 48.19 , 48.44, or 48.46 RCW.

(5) The commissioner may adopt rules to implement this section.