RCW 48.70.020: Definitions

RCWs > Title 48 > Chapter 48.70 > Section 48.70.020

These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

48.70.010 << 48.70.020 >> 48.70.030

PDFRCW 48.70.020

Definitions—Rules.

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.

[ 1982 c 181 § 21.]