The bill seeks to modernize and correct various statutes overseen by the insurance commissioner in Washington State by repealing outdated laws and aligning state policies with federal regulations. It introduces amendments that adjust exemptions from public disclosure for certain insurance-related information, including the names and identification data of insured individuals, and enhances the confidentiality of documents obtained by the insurance commissioner. Additionally, the bill outlines a new refund process for taxes and fees paid in error, establishing specific timelines for requests and allowing for cash refunds or credits toward future payments.

Moreover, the legislation modifies existing laws regarding insurance rates, particularly for personal automobile insurance, ensuring premium reductions for older insureds who complete accident prevention courses, and emphasizes the role of fire alarms and smoke detection devices in determining dwelling unit insurance rates. It also includes provisions for charitable gift annuities, health plans, and hearing instruments, mandating that health carriers cannot discriminate based on gender identity and must cover gender-affirming treatments. The bill establishes registration requirements for entities involved in guaranteed asset protection waivers, adjusts application fees, and repeals several outdated statutes, with certain provisions set to take effect on January 1, 2026. Overall, the bill aims to enhance consumer protections and improve access to essential health services.

Statutes affected:
Original Bill: 42.56.400, 48.200.040, 48.19.460, 48.19.501, 48.19.540, 48.37.050, 48.38.010, 48.38.012, 48.43.0128, 48.43.115, 48.43.135, 48.43.743, 48.135.030, 48.02.190, 48.140.050, 48.150.100, 48.160.020
Substitute Bill: 42.56.400, 48.200.040, 48.19.460, 48.19.501, 48.19.540, 48.37.050, 48.38.010, 48.38.012, 48.43.0128, 48.43.135, 48.43.743, 48.135.030, 48.02.190, 48.140.050, 48.150.100, 48.160.020