RCW 48.02.280: Continuing care retirement communities—Actuarial analysis. (Effective July 1, 2027.)

The insurance commissioner is authorized to perform functions required under chapter 18.390 RCW related to the review of actuarial analyses submitted by applicants for registration as a continuing care retirement community, including establishing standards for the review of actuarial analyses, the qualifications of the actuaries preparing the actuarial analyses, and the administration of appeals under chapter 48.04 RCW for determinations that an applicant's actuarial balance is not satisfactory under RCW 18.390.100(3)(b)(ii). The insurance commissioner may adopt rules related to its responsibilities under chapter 18.390 RCW, as necessary.