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
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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