After opting out from the long-term care payroll tax in Washington by purchasing a qualifying long-term-care insurance, can one drop the insurance?

Question

After opting out from the newly established long-term care payroll tax in Washington state by purchasing a qualifying long-term-care insurance, can one terminate the contract with the insurance? Or does one have to keep paying for the insurance every year?

Answer 1

No, according to 3 insurance brokers I talked to. They told me that if an audit from the WA tax services sees that one has terminated the insurance, one would get some penalties (likely paying the 0.58% on the W2 income of the years without the long-term care insurance + some penalties). Obviously one can claim that the insurance brokers are biased, so if someone else can confirm and deny, preferably via a legal text, that'd be great.