Wash. Admin. Code § 284-87-110 - Renewal of policies

Current through Register Vol. 22-07, April 1, 2022

(1) Policies written by the association will not automatically renew. To obtain continuing coverage by the association, a licensee must again satisfy initial eligibility requirements under WAC 284-87-090 at the end of the expiring policy term.
(2) The association shall notify covered licensees in writing at least ninety days prior to the expiration of a policy term of the need to submit a new application for coverage to the association to continue coverage.
(3) If the association fails to provide the required written notice, the existing policy shall continue in force until the association has provided the required notice. In such case, premium shall be charged the licensee on a pro rata basis for coverage during the extended coverage period.

Notes

Wash. Admin. Code § 284-87-110

Statutory Authority: RCW 48.02.060 and 48.87.100. 10-15-014 (Matter No. R 2010-02), § 284-87-110, filed 7/8/10, effective 8/8/10; 94-02-053 (Order R 93-18), § 284-87-110, filed 12/30/93, effective 1/30/94.

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