(1) For each plan, carriers must maintain the following records for five years:
(a) Incurred claims;
(b) Earned premiums; and
(c) Expenses.
(2) Such records must include data for rider and endorsement forms that are used with the contract forms. Separate data may be maintained for each rider or endorsement form as appropriate. For recordkeeping purposes, carriers may combine experience under contract forms that provide substantially similar coverage.
[Statutory Authority: RCW
48.02.060,
48.44.050,
48.46.200, and 2016 c 156. WSR 16-23-019 (Matter No. R 2016-06), recodified as § 284-43-6620, filed 11/4/16, effective 12/5/16. WSR 16-01-081, recodified as § 284-43-6120, filed 12/14/15, effective 12/14/15. Statutory Authority: RCW
48.02.060,
48.44.050, and
48.46.200. WSR 05-07-006 (Matter No. R 2004-05), § 284-43-935, filed 3/3/05, effective 4/3/05. Statutory Authority: RCW
48.02.060,
48.44.050,
48.46.200,
48.44.020 (2)(d),
48.44.022,
48.44.023,
48.46.060 (3)(d) and (5),
48.46.064 and
48.46.066. WSR 98-04-011 (Matter No. R 97-2), § 284-43-935, filed 1/23/98, effective 3/1/98.]