48.12.100 - Unallocated liability loss expense. - Washington Statutes

Unallocated liability loss expense.

Subject to any restrictions contained in the annual statement instructions or accounting practices and procedures manuals of the national association of insurance commissioners, all unallocated liability loss expense payments shall be distributed as follows:

     (1) All payments associated with particular claims shall be distributed to the year in which the claim was covered; and

     (2) All other payments shall be distributed by year in a reasonable manner.

[1995 c 35 § 3; 1947 c 79 § .12.10; Rem. Supp. 1947 § 45.12.10.]