RCW 48.29.143
72 words·~1 min read·
/wa/title-48/chapter-48-29/48-29-143·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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 s 4 .]