The premium change transparency rules were adopted in 2023 in Chapter 284-30A WAC. These adopted rules outlined administrative regulations to achieve transparency for policyholders receiving premium increases from insurers at renewal on insurance policies such as residential property and private passenger auto. The Insurance Commissioner is considering rules to delay the implementation date of phase two until 2029. The purpose of the delay is for the Insurance Commissioner to collect additional data from insurers, consumers, and other interested parties on the effectiveness of phase one of the rule, adopted in WAC 284-30A-050, including the number of consumers who have requested premium change transparency from their insurer and data on the implementation challenges from insurers as they prepare for phase two. Additional amendments to the phase two requirements will be considered for this rulemaking.
Notice to start rulemaking filed Oct. 31, 2024
- The comment period for the CR-101 will begin on November 1, 2024 and will close on December 20, 2024.