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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Each insurer licensed to write direct insurance in this state, except those exempted in subsection (2) of this section, shall institute and maintain an insurance antifraud plan. An insurer licensed after July 1, 1995, shall file its antifraud plan within six months of licensure. An insurer shall file any change to the antifraud plan with the insurance commissioner within thirty days after the plan has been modified.
(2) This section does not apply to:
(a) Health carriers, as defined in RCW 48.43.005;
(b) Life insurers;
(c) Title insurers;
(d) Property or casualty insurers with annual gross written medical malpractice insurance premiums in this state that exceed fifty percent of their total annual gross written premiums in this state;
(e) Credit-related insurance written in connection with a credit transaction in which the creditor is named as a beneficiary or loss payee under the policy, except vendor single-interest or collateral protection coverage as defined in RCW 48.22.110(4); or
(f) Insurers with gross written premiums of less than one thousand dollars in Washington during the reporting year.
Cite this article: FindLaw.com - Washington Revised Code Title 48. Insurance § 48.30A.045. Insurance antifraud plan--File plan and changes with commissioner--Exemptions - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-48-insurance/wa-rev-code-48-30a-045/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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