Find Laws Find Lawyers Free Legal Forms USA State Laws

WASHINGTON STATUTES AND CODES

48.12.090 - Loss reserves -- Liability insurance.

Loss reserves — Liability insurance.

The reserves for outstanding losses and loss expenses under policies of personal injury liability insurance and under policies of employer's liability insurance shall be computed as follows:

     (1) The reserves for outstanding losses and loss expenses under policies of personal injury liability insurance and under policies of employer's liability insurance shall be computed in accordance with accepted loss-reserving standards and principles and shall make a reasonable provision for all unpaid loss and loss expense obligations of the insurer under the terms of such policies.

     (2) Reserves under liability policies written during the three years immediately preceding the date of determination shall include any additional reserves required by the annual statement instructions of the national association of insurance commissioners.

[1995 c 35 § 2; 1947 c 79 § .12.09; Rem. Supp. 1947 § 45.12.09.]

Washington Forms by Issue

Washington Court Forms
> Probate
Washington Tax Forms

Washington Law

Washington State Laws
    > Washington Child Support
    > Washington Gun Laws
    > Washington Statute
Washington Court
    > Washington Courts
    > Washington State Court Records
    > Washington State Courts
Washington Labor Laws
    > Washington State Jobs
    > Washington State Unemployment
Washington State
    > Washington County Jail
    > Washington State Parks
Washington Tax
    > Washington State Tax
Washington Agencies
    > Washington DMV
    > Washington Secretary of State
    > Washington State Department of Health
    > Washington State Department of Licensing
    > Washington State Department of Revenue
    > Washington State Department of Transportation
    > Washington State Patrol

Washington Court Map

Tips