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PDFWAC 192-510-066

How are premium payments applied?

(1) A payment received with a premium assessment will be applied to the quarter for which the premium assessment is filed. A payment exceeding the legal fees, penalties, interest and premiums due for that quarter will be applied to any other debt as provided in subsection (2) of this section. If no debt exists, a refund will be issued for any premium overpayments of fifty dollars or more. Premium overpayments of less than fifty dollars will be credited to future premium assessments.
(2) Payments received will be applied in the following order of priority:
(a) Most recently completed quarter's premium balance;
(b) Any previous quarter premium balance starting with the oldest quarter;
(c) Then beginning with the oldest quarter in which a balance is owed:
(i) Penalties;
(ii) Fees; and
(iii) Interest charges.
[Statutory Authority: RCW 50A.04.215. WSR 18-22-080, ยง 192-510-066, filed 11/2/18, effective 12/3/18.]
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