CERTIFICATION
OF ENROLLMENT
SUBSTITUTE
HOUSE BILL 2746
Chapter
95, Laws of 1996
54th
Legislature
1996
Regular Session
INSURANCE
POLICIES--RATE OR TERM CHANGES
EFFECTIVE
DATE: 6/6/96
|
Passed by the House February 6, 1996
Yeas 97 Nays 0
 CLYDE BALLARD
Speaker
of the
House
of Representatives
Passed by
the Senate February 27, 1996
Yeas 47 Nays 0
|
CERTIFICATE
I, Timothy
A. Martin, Chief Clerk of the House of Representatives of the State of
Washington, do hereby certify that the attached is SUBSTITUTE HOUSE BILL
2746 as passed by the House of Representatives and the Senate on the
dates hereon set forth.
|
|
JOEL
PRITCHARD
President
of the Senate
|
 TIMOTHY
A. MARTIN
Chief
Clerk
|
|
Approved
March 15, 1996 Place Style On Codes above, and
Style Off Codes below.
|
FILED
March
15, 1996 - 3:26 p.m.
|
|
|
|
|
MIKE
LOWRY
Governor
of the State of Washington
|
Secretary
of State
State
of Washington
|
_______________________________________________
SUBSTITUTE
HOUSE BILL 2746
_______________________________________________
Passed Legislature -
1996 Regular Session
State of Washington 54th
Legislature 1996 Regular Session
By
Read first time 02/02/96.
Changing the
rates or terms of an insurance policy.
AN ACT Relating to
unfair practices when the rates or terms of an insurance policy are being
changed; and amending RCW 48.18.230.
BE IT ENACTED BY THE
LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 48.18.230 and 1947 c
79 s .18.23 are each amended to read as follows:
(1) A
"binder" is used to bind insurance temporarily pending the issuance
of the policy. No binder shall be valid beyond the issuance of the policy as
to which it was given, or beyond ninety days from its effective date, whichever
period is the shorter.
(2) If the policy has
not been issued a binder may be extended or renewed beyond such ninety days
upon the commissioner's written approval, or in accordance with such rules and
regulations relative thereto as the commissioner may promulgate.
(3) Where the
premium used in the binder differs from the actual policy premium by less than
ten dollars, the insurer shall not be required to notify the insured and may
use the actual policy premium.
Passed
the House February 6, 1996.
Passed
the Senate February 27, 1996.
Approved by the Governor March 15, 1996.
Filed in
Office of Secretary of State March 15, 1996.