Washington § 48.70.020 Definitions—Rules.

Washington Statutes

§ 48.70.020 — Definitions—Rules.

Washington § 48.70.020

Title 48INSURANCE

Ch. 48.70SPECIFIED DISEASE INSURANCE ACT

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Bluebook

Wash. Rev. Code § 48.70.020 (2026).

Text

Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.

(1)"Specified disease policy" refers to any insurance policy or contract which provides benefits to a policyholder only in the event that the policyholder contracts the disease or diseases specifically named in the policy.

(2)"Loss ratio" means the incurred claims as a percentage of the earned premium, computed under rules adopted by the commissioner. Earned premiums and incurred claims shall be computed under rules adopted by the commissioner.

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Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.

(1) "Specified disease policy" refers to any insurance policy or contract which provides benefits to a policyholder only in the event that the policyholder contracts the disease or diseases specifically named in the policy.

(2) "Loss ratio" means the incurred claims as a percentage of the earned premium, computed under rules adopted by the commissioner. Earned premiums and incurred claims shall be computed under rules adopted by the commissioner.