The commissioner is hereby authorized, and shall within a reasonable time following July 30, 1967, adopt standard forms for loss payable and mortgagee clauses for property and automobile physical damage insurances, pursuant to the procedures set forth in RCW 48.18.120(1). Following the adoption of such forms, no insurer authorized to do business in the state shall use any form other than those so adopted.
RCW 48.18.125
Loss payable and mortgagee clauses for property and automobile physical damage insurances—Requirement to use adopted forms.
Applied in 1 court decision — leading case Reliable Credit Ass'n v. Progressive Direct Insurance (2012)
Most recently applied in Reliable Credit Ass'n v. Progressive Direct Insurance (October 2012)
1967 ex.s. c 12 s 1.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.