The bill amends several sections of Washington state law regarding the reporting of fire losses by insurers. It establishes new requirements for insurers to report fire loss claims to the insurance commissioner within 90 days of closing a claim or making any significant adjustments related to a fire loss. The report must include specific details such as the property address, date of loss, amount paid by the insurer, known origin and cause of the loss, and whether it is suspected to be due to criminal activity. Additionally, if an insurer suspects that a fire loss may be due to criminal activity, they are required to report this immediately to local or tribal law enforcement and the insurance commissioner.

The bill also introduces provisions to ensure the confidentiality of the information reported, stating that documents and materials related to these reports are privileged and not subject to public disclosure. It allows the insurance commissioner to share this information with various regulatory and law enforcement agencies while maintaining confidentiality. Furthermore, the bill mandates that the insurance commissioner post quarterly reports on their website summarizing aggregate findings of fire loss reports, ensuring transparency while protecting individual data.

Statutes affected:
Original Bill: 42.56.400, 48.05.320, 48.50.040
Substitute Bill: 42.56.400, 48.05.320, 48.50.040
Bill as Passed Legislature: 42.56.400, 48.05.320, 48.50.040
Session Law: 42.56.400, 48.05.320, 48.50.040