The bill amends RCW 48.205.050 to enhance consumer protections in pet insurance policies. It allows pet insurers to exclude coverage for preexisting conditions, provided they disclose this to consumers and bear the burden of proof for such exclusions. Insurers can impose waiting periods of up to 30 days for certain illnesses or orthopedic conditions, but not for accidents, and these waiting periods cannot apply to policy renewals. Additionally, the bill mandates that waiting periods can be waived if a medical examination is completed, which must be paid for by the policyholder unless otherwise specified.

Significantly, the bill introduces new provisions that prevent pet insurers from canceling or refusing to renew policies based on the pet's age or the detection of health conditions during the policy period, including chronic or hereditary conditions. It also requires that if an insurer transitions pet insurance business to another affiliated company, the new company must offer insurance to current policyholders without imposing waiting periods or requiring veterinary examinations for renewal. This legislation aims to provide greater stability and assurance for pet owners regarding their insurance coverage.

Statutes affected:
Original Bill: 48.205.050