This bill establishes a study to assess the insurance market for housing providers that receive resources from the housing trust fund in Washington. The legislature recognizes the critical role these providers play in addressing homelessness and the challenges they face with insurance coverage, including affordability and policy nonrenewal. The study will be conducted by the office of the insurance commissioner in collaboration with various stakeholders, including housing providers, insurers, and relevant state agencies. The goal is to analyze the availability of property and liability coverages for these providers and to identify trends affecting the insurance market.

The commissioner is tasked with collecting data on insurance policies, claims activity, and market trends over the past five years, and will report findings and recommendations to the legislature by December 31, 2024. The bill also ensures that the data collected for the study remains confidential and is not subject to public disclosure, although aggregate data may be published. This section of the bill is set to expire on December 31, 2024.