H-0421.2 _______________________________________________
HOUSE BILL 1574
_______________________________________________
State of Washington 52nd Legislature 1991 Regular Session
By Representatives Dellwo, Dorn, R. Meyers, Anderson and Inslee.
Read first time February 1, 1991. Referred to Committee on Financial Institutions & Insurance.
AN ACT Relating to minimum standards for insurance policies; and amending RCW 48.18.120.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 48.18.120 and 1957 c 193 s 10 are each amended to read as follows:
(1)
The commissioner shall, after hearing, from time to time ((promulgate such))
adopt rules ((and regulations)) as may be necessary to define and
effect reasonable uniformity in all basic contracts of fire insurance which are
commonly known as the standard form fire policies and may be so referred to in
this code, and the usual supplemental coverages, riders, or endorsements
thereon or thereto, to the end that such definitions shall be applied in the
construction of the various sections of this code wherein such terms are used
and that there be a reasonable concurrency of contract where two or more
insurers insure the same subject and risk. All such forms heretofore approved
by the commissioner and for use as of immediately prior to the effective date
of this code, may continue to be so used until the further order of the
commissioner made pursuant to this subsection or pursuant to any other
provision of this code.
(2)
The commissioner may from time to time, after hearing, ((promulgate such))
adopt rules ((and regulations)) as he deems necessary to
establish reasonable minimum standard conditions and terminology for basic
benefits to be provided by disability insurance contracts which are subject to
chapters 48.20 and 48.21 RCW, for the purpose of expediting his approval of
such contracts pursuant to this code. No such promulgation shall be
inconsistent with standard provisions as required pursuant to RCW 48.18.130,
nor contain requirements inconsistent with requirements relative to the same
benefit provision as formulated or approved by the National Association of
Insurance Commissioners.
(3) The commissioner may adopt rules to establish reasonable minimum standard conditions, benefits, and terminology to be used and provided in dwelling fire, homeowners, and vehicle insurance policies. The rules may be in addition to but shall not contravene other provisions of Title 48 RCW applicable to such insurance policies.