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Insurers and regulated entities
SB 6027 (2023-24) was passed to align Washington’s Insurer Holding Company Act (Ch. 48.31B RCW) with the updated National Association of Insurance Commissioners (NAIC) model authorities including the Holding Company System Regulatory Act and Insurance Holding Company System Model Regulation with Reporting Forms.
The NAIC revised these models in 2020 and adopted the updated versions as accreditation requirements for state insurance regulators effective Jan. 1, 2026.
This rulemaking will fully implement the new law and update NAIC model laws. It will also provide administrative guidance and regulatory clarification for the group capital calculation requirements, including insurance holding company exemptions. Additionally, this rulemaking is designed to adopt the complete group capital calculation framework recommended by the NAIC.
Amended laws & rules:
Rulemaking process
CR-103P (PDF 173.02 KB)
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The public hearing was held on September 12 at 9:00 a.m. on zoom.
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CR-102 (PDF 270.84 KB)
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