Insurers shall maintain records of earned premiums and incurred benefits for each policy year for each policy, rider, endorsement and similar form which were combined for purposes of premium calculations, including the reserves. Records shall also be maintained of the experience expected in the premium calculations. Notwithstanding the foregoing, with proper justification, the commissioner may accept approximation of policy year experience based on calendar year data.
[Statutory Authority: RCW 48.02.060
. WSR 83-14-002 (Order R 83-1), § 284-60-070, filed 6/23/83, effective 9/1/83.]