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WAC 284-50-355

Disability income protection coverage.

(1) "Disability income protection coverage" is a policy which provides for periodic payments, weekly or monthly, for a specified period during the continuance of disability resulting from either sickness or injury or a combination thereof which:
(a) Provides that periodic payments which are payable at ages after 62 and reduced solely on the basis of age are at least 50% of amounts payable immediately prior to age 62.
(b) Contains an elimination period no greater than:
(i) Ninety days in the case of coverage providing a benefit of one year or less;
(ii) One hundred eighty days in the case of coverage providing a benefit of more than one year but not greater than two years; or
(iii) Three hundred sixty-five days in all other cases during the continuance of disability resulting from sickness or injury.
(c) Has a maximum period of time for which it is payable during disability of at least six months except in the case of a policy covering disability arising out of pregnancy, childbirth, or miscarriage in which case the period for such disability may be one month.
(2) No disability income protection policy shall contain any provision permitting a reduction in benefits because of an increase in Social Security benefits.
(3) This section does not apply to those policies providing business buyout coverage.
[Order R-76-4, ยง 284-50-355, filed 10/29/76, effective 3/1/77.]
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