Disability insurer filings

AN ACT Relating to requiring that experience-rated group 1
disability income insurers include all applicable rating factors and 2
credibility formulas in rate manual filings with the insurance 3
commissioner; and amending RCW 48.19.010. 4
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:5
Sec. 1. RCW 48.19.010 and 2015 c 19 s 4 are each amended to read 6
as follows: 7
(1) Except as is otherwise expressly provided the provisions of 8
this chapter apply to all insurances upon subjects located, resident 9
or to be performed in this state except: 10
(a) Life insurance; 11
(b) Disability insurance; 12
(c) Reinsurance except as to joint reinsurance as provided in RCW 13
48.19.360; 14
(d) Insurance against loss of or damage to aircraft, their hulls, 15
accessories, and equipment, or against liability, other than workers' 16
compensation and employers' liability, arising out of the ownership, 17
maintenance(([,])), or use of aircraft; 18
(e) Insurance of vessels or craft, their cargoes, marine 19
builders' risks, marine protection (([,])), and indemnity; and such 20
other risks commonly insured under marine, as distinguished from 21
S-0474.1
SENATE BILL 5141
State of Washington 69th Legislature 2025 Regular Session
By Senators Cortes, Dhingra, Hasegawa, Liias, Nobles, and Salomon
Prefiled 01/07/25. Read first time 01/13/25. Referred to Committee
on Business, Financial Services & Trade.
p. 1 SB 5141
inland marine, insurance contracts as may be defined by ruling of the 1
commissioner for the purposes of this provision; 2
(f) Title insurance. 3
(2) Except, that every insurer shall, as to disability insurance, 4
before using file with the commissioner its manual of classification, 5
manual of rules and rates, and any modifications thereof except as 6
provided under RCW 48.43.733 or rate filing requirements established 7
by a specific statute or federal law. In the case of experience-rated 8
group disability income insurance, insurers shall include in such 9
filings their experience rating formulas including all applicable 10
rating factors and credibility formulas as part of the rate manual. 11
Such filings must be detailed enough to confirm that a group is fully 12
or partially credible and to allow the commissioner to replicate the 13
premium rates for the experience-rated group if given the experience 14
and demographics of the group.15
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p. 2 SB 5141