2009 Washington Code
Title 48 - Insurance
Chapter 48.70 - Specified disease insurance act.
48.70.020 - Definitions -- Rules.
Definitions — Rules.
Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.
(1) "Specified disease policy" refers to any insurance policy or contract which provides benefits to a policyholder only in the event that the policyholder contracts the disease or diseases specifically named in the policy.
(2) "Loss ratio" means the incurred claims as a percentage of the earned premium, computed under rules adopted by the commissioner. Earned premiums and incurred claims shall be computed under rules adopted by the commissioner.
[1982 c 181 § 21.]
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