Washington State Insurance Practice Exam

Washington’s property insurance regulations likely influence which of the following?

1. Deductible amounts

2. Loss valuation

3. Premium rates

4. Type of uniform used by assessors

The correct answer is: Premium rates

Washington's property insurance regulations are likely to influence premium rates. Insurance regulations in a particular state can dictate the factors that insurance companies can consider when determining premiums for property insurance policies. These regulations aim to ensure fair and appropriate pricing for insurance coverage while also protecting consumers from unjustified rate increases. Deductible amounts and loss valuation may be influenced by individual policy terms rather than state regulations, while the type of uniform used by assessors is not directly related to property insurance regulations.