Wash. Admin. Code § 284-24A-025 - Filings by insurance scoring model vendors

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

(1) The commissioner will allow vendors to file insurance scoring models. The vendor must file the scoring model in SERFF in accordance with the Washington State SERFF Personal Insurance Scoring Model Filing General Instructions posted on the commissioner's web site (www.insurance.wa.gov).
(2) Insurers may use models filed by vendors after the commissioner determines the model complies with Washington state laws.
(3) An insurer may use a model that has been filed by a vendor and accepted by the commissioner if the insurer submits a filing in SERFF that:
(a) References the vendor that filed the model;
(b) References the filing number and model name used by the vendor;
(c) States whether the insurance scoring model will be used for underwriting, rating, or both; and
(d) Proposes an effective date for the insurer's use of the model.

Notes

Wash. Admin. Code § 284-24A-025

Statutory Authority: RCW 48.02.060, 48.18.545, 48.19.035, 48.110.150, 48.18.100, and 48.19.040. 13-12-038 (Matter No. R 2013-06), § 284-24A-025, filed 5/30/13, effective 7/1/13. Statutory Authority: RCW 48.02.060, 48.18.100, 48.18.120, 48.19.080, 48.19.370, 48.30.010, 49.60.178, 48.18.545(7),48.19.035(5). 02-19-013 (Matter No. R 2001-11), § 284-24A-025, filed 9/6/02, effective 10/7/02.

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