Insurers and other Office of the Insurance Commissioner (OIC) regulated companies should be aware of several new requirements that affect companies for calendar year 2024.
The Insurance Commissioner's agenda and detailed information about proposed rules and recently adopted rules are available on the Insurance Commissioner’s website:
Effective during calendar year 2025:
- Health care benefit managers (R 2024-02)eff 1-18-2025
- Prior authorization modernization (R 2024-03) eff 1-27-2025
- Uniform cost-sharing reduction factor (R 2025-01) eff 3-10-2025
Effective during calendar year 2024:
- Premium change transparency (R 2022-01) eff 6-1-2024
- Consolidated health care rulemaking (R 2023-07) eff 1-1-2024
- Best interest standard for annuities (R 2023-05) eff 1-1-2024
- Life Insurance Riders and Disclosures (R 2023-08) eff 1-3-2024
- Implementation of SSB 5986 and updates to the Balance Billing Protection Act (BBPA) (R 2024-01) eff 12-28-2024
- Insurer Holding Company Act (R 2024-04) eff 10-18-2024
- Consolidated health care (R 2024-05) eff 12-28-2024
- Producer and adjuster licensing requirements (R 2024-06) eff 11-1-2024
Company Supervision Division
Washington State Office of the Insurance Commissioner
Insurance 5000 Building
P.O. Box 40255
Olympia, WA 98504-0255
360-725-7200