Z-0438.2  _______________________________________________

                         SENATE BILL 5426

          _______________________________________________

State of Washington      54th Legislature     1995 Regular Session

By Senators Fraser, Pelz, Fairley, Prentice and Kohl; by request of Insurance Commissioner

Read first time 01/23/95.  Referred to Committee on Financial Institutions & Housing.

Using age as a rating factor for auto insurance.

    AN ACT Relating to criteria to be used when rating senior citizens for private passenger automobile insurance; adding a new section to chapter 48.19 RCW; and providing an effective date.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  A new section is added to chapter 48.19 RCW to read as follows:

    If an insurer uses a driver's age as a rating factor for private passenger automobile insurance, the insurer's rates and rating plans must satisfy the following requirement:  For each coverage for which age is used as a rating factor, any premium increase arising from a driver's advancing age shall not exceed five percent in any one year.

NEW SECTION. Sec. 2.  This act shall take effect January 1, 1996.

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