§ 48.29.143. Premium rates -- Actuarily sound estimates
(1) Premium rates for the insuring or guaranteeing of titles shall not be excessive, inadequate, or unfairly discriminatory.
(2) A rate is not excessive, inadequate, or unfairly discriminatory if it is an actuarially sound estimate of the expected value of all future costs associated with an individual risk transfer. Such costs include claims, claim settlement expenses, operational and administrative expenses, and the cost of capital.
[2008 c 110 § 4.]
Sections: Previous 48.29.010 48.29.015 48.29.020 48.29.040 48.29.120 48.29.130 48.29.140 48.29.143 48.29.147 48.29.150 48.29.155 48.29.160 48.29.170 48.29.180 48.29.190 NextLast modified: April 7, 2009