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Understanding Rule 85 - Class-Rated Risks

Posted by WSRB on April 18, 2014


Rule 85 in the Washington State Commercial Lines Manual deals with class- and specifically rated risks. Class-rated risks are buildings with occupants that can be fit into a similar category due to their similar exposures to loss and probability of sustaining damage. Certain assumptions are made about buildings and occupants placed in this category. Specifically rated risks are not eligible for class rates and have unique operations, hazards, or other conditions not allowing them to be class rated. These risks also tend to be much larger and more hazardous.

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Topics: property rating, Rule 85, GIS Mapping, insurance, Insurance loss cost inspections