EHB 1561 -
By Committee on Financial Institutions, Housing & Consumer
Protection
ADOPTED 04/07/2005
Strike everything after the enacting clause and insert the following:
"NEW SECTION. Sec. 1 A new section is added to chapter 48.18 RCW
to read as follows:
(1) No life insurer may deny or refuse to accept an application for
insurance, or refuse to insure, refuse to renew, cancel, restrict, or
otherwise terminate a policy of insurance, or charge a different rate
for the same coverage, based upon the applicant's or insured person's
past or future lawful travel destinations.
(2) Nothing in this section prohibits a life insurer from excluding
or limiting coverage of specific lawful travel, or charging a
differential rate for such coverage, when bona fide statistical
differences in risk or exposure have been substantiated."
EHB 1561 -
By Committee on Financial Institutions, Housing & Consumer
Protection
ADOPTED 04/07/2005
On page 1, line 2 of the title, after "destinations;" strike the remainder of the title and insert "and adding a new section to chapter 48.18 RCW."
EFFECT: Simplifies the process of actuarial risk assessment.