Washington § 48.18.230 - Binders — Duration — Premium.

Full text of Washington Revised Code of Washington § 48.18.230 — Binders — Duration — Premium., with citation guidance and answers to common questions.

§ 48.18.230. Binders — Duration — Premium.

(1) A "binder" is used to bind insurance temporarily pending the issuance of the policy. No binder shall be valid beyond the issuance of the policy as to which it was given, or beyond ninety days from its effective date, whichever period is the shorter.
(2) If the policy has not been issued a binder may be extended or renewed beyond such ninety days upon the commissioner's written approval, or in accordance with such rules and regulations relative thereto as the commissioner may promulgate.
(3) Where the premium used in the binder differs from the actual policy premium by less than ten dollars, the insurer shall not be required to notify the insured and may use the actual policy premium.
[ 1996 c 95 s 1; 1947 c 79 s .18.23; Rem. Supp. 1947 s 45.18.23.]

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Frequently Asked Questions About Washington § 48.18.230

What does Revised Code of Washington § 48.18.230 cover?

Section 48.18.230 ("Binders — Duration — Premium.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 48.18.230?

A common citation format is "Revised Code of Washington § 48.18.230" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 48.18.230 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.