WAS LEG Fire Loss Report Requirements

Published on: May 20, 2025

On May 12, WAS LEG enacted bill on reporting of fire losses.

  • WAS LEG enacted SB 5419 (HB 1793) re modifying insurance reports of fire losses.
  • Amended WAS LEG 42.56.400 (public records), WAS LEG 48.05.320 (on fire losses reporting), and WAS LEG 48.50.040 (reporting immunity act, notification by insurer).
  • Bill Provisions
  • Within 90 days of closing a fire loss/damage claim, an insurer shall report to insurance commissioner, including 3rd-party vendor, each loss of property reported to insurer.
  • Report must include address, date of loss, amount the insurer paid on each coverage.
  • Known origin of loss, if criminal activity or undetermined, and NAIC company number.
  • Documents, materials, reports, data, investigations, are confidential and privileged, not subject to public disclosure or civil matter subpoena directed to the commissioner.
  • Data in the aggregate form are deemed open records available for public inspection.
  • Reporting may not be enforced against insurer until one year after rules are adopted.
  • Beginning 12 months after the reporting requirements are initiated, WAS INS will post a quarterly report on their website based on aggregate fire loss or damage findings.
  • Legislative History
  • On Jan 22, 2025, bill introduced in Senate; on Feb. 28, 2025, bill passed in Senate.
  • On Mar. 4, 2025, bill introduced in House; on Apr. 14, 2025, bill passed in House.
  • On May 12, 2025, bill was approved by the governor and assigned Chapter 225.
  • Effectiveness
  • Provisions become effective on Jul. 27, 2025.
Regulators
WAS LEG
Entity Types
Ins
Reference
Ch. 225, Bill SB5419, HB1793, 5/12/2025; Citation: *WAS LEG* 42.56.400, 48.05.320, 48.50.040;
Functions
Compliance; Legal; Operations; Record Retention; Reporting
Countries
United States of America
Category
State
N/A
Products
Home Insurance; Insurance; Insurance-Property
Rule Type
Final
Regions
Am
Rule Date
May 12, 2025
Effective Date
Jul 27, 2025
Rule ID
254921
Linked to
N/A
Reg. Last Update
May 12, 2025
Report Section
US Insurance