WAS LEG Insurance Reporting, Coverage

Published on: May 21, 2025

On May 12, WAS LEG enacted bill on obsolete insurance provisions.

  • WAS LEG enacted SB 5262 on obsolete, erroneous references in insurance statutes.
  • Amended WAS INS 48.14.070, WAS INS 48.19.460, WAS INS 48.19.540, WAS INS 48.37.050, WAS INS 48.38.010, WAS INS 48.38.012, and WAS INS 48.43.0128.
  • WAS INS 48.43.135, WAS INS 48.43.743, WAS INS 48.135.030, WAS INS 48.140.050.
  • Document was dated May 12, 2025, received on May 16, 2025, due to a fixed feed.
  • Legislative Provisions
  • Created public records exemption for information, data, other than providers' names, business addresses reported in annual statements submitted by direct practices.
  • Exempt info confidential, exempt from public disclosure under Public records act (PRA).
  • Person requesting refund of taxes to WAS INS must do so within 6 years of end of calendar year for which taxes owed, rather than 6 years from date taxes were paid.
  • Specified premium reduction for older insureds taking an accident prevention course.
  • Bill also repealed provision on one-time relating to study due in 2020 re fire alarms and smoke detection devices and impact on residential property insurance rates.
  • For charitable gift annuity businesses, revised term unrestricted net assets to net assets without donor restrictions; annual filing fee for businesses due within 60 days.
  • For health plans on/after Jan. 1, 2026, health carrier must cover hearing instruments every 36 months per ear with hearing loss, cannot set lifetime or annual dollar limit.
  • A health carrier may require prior authorization or adopt other appropriate utilization controls in approving coverage for medically necessary hearing instruments.
  • Specified annual data statement limited to dental-only plans in WAS, WAS data.
  • WAS INS must complete annual report on medical malpractice closed claim reporting by Sep 1 (vs. Jun 30); one-time report on model statistical report standards repealed.
  • Legislative History
  • On Jan. 14, 2025, bill introduced into Senate; on Mar. 3, 2025, bill passed Senate.
  • On Mar. 5, 2025, bill introduced into House; on Apr. 16, 2025, bill passed House.
  • On Apr. 18, 2025, Senate concur amendments; on May 12, 2025, gov signed, Ch 243.
  • Effectiveness
  • Effective Jul. 27, 2025, except for S 6 (charitable gift annuity) effective Jan. 1, 2026.
Regulators
WAS LEG
Entity Types
Ins
Reference
Ch 243, Bill SB5262, 5/12/2025; Citation: *WAS INS* 48.14.070, 48.19.460, 48.19.540, 48.37.050, 48.38.010, 48.38.012, 48.43.0128, 48.43.135, 48.43.743, 48.135.030, 48.140.050;
Functions
Claims/Accelerated Benefits; Compliance; Legal; Reporting; Tax
Countries
United States of America
Category
State
N/A
Products
Annuity; Auto/Motorcycle; Dental; Insurance; Insurance-Health; Insurance-Property; Professional Liability; Seniors
Rule Type
Final
Regions
Am
Rule Date
May 12, 2025
Effective Date
Jul 27, 2025
Rule ID
255130
Linked to
N/A
Reg. Last Update
May 12, 2025
Report Section
US Insurance