WA HB1230

Experience-rated group disability income insurers must include their experience rating formulas, all applicable rating factors, and credibility formulas in rate manual filings with the insurance commissioner

Filings must be detailed enough to confirm whether a group is fully or partially credible

Filings must allow the commissioner to replicate premium rates for experience-rated groups when given the group's experience and demographic data

Amends RCW 48.19.010, which generally exempts disability insurance from certain chapter provisions but requires insurers to file classification manuals, rules, and rates before use