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INSTRUCTION PAGE FOR EXCESS RATE APPLICATIONS Under the provisions of RCW 48.19.090, an insurer may issue a policy using rates in excess of its filed rates. The statute requires that the insured submit
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What is excess rate application filing?
Excess rate application filing is a process of submitting a request to the appropriate regulatory body for approval of setting rates above the standard threshold.
Who is required to file excess rate application filing?
Any organization or individual planning to charge rates above the approved threshold is required to file excess rate application filing.
How to fill out excess rate application filing?
To fill out excess rate application filing, one must provide detailed information about the proposed rates, reasoning for the increase, and any supporting documentation as required by the regulatory body.
What is the purpose of excess rate application filing?
The purpose of excess rate application filing is to seek approval for charging rates above the standard threshold, ensuring transparency and fairness in pricing.
What information must be reported on excess rate application filing?
Information such as proposed rates, rationale for the increase, impact on customers, supporting data, and any other relevant details must be reported on excess rate application filing.
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