Insurers and other Office of the Insurance Commissioner (OIC)-regulated companies should be aware of several new requirements adopted in 2020 that affect companies for calendar years 2020, 2021, and 2022.
Detailed information about these 2020 adopted rules are available on the insurance commissioner’s website:
- Actuarial opinion and memorandum regulation (R 2020-05)
- Adverse notifications (R 2018-09)
- Affordable Care Act protections (R 2019-10)
- Change of insurance – offset of expenses of group policyholder (R 2020-08)
- Confidential communications (R 2019-03)
- Consolidated health care rulemaking (R 2020-13)
- Continued implementation of The Balance Billing Protection Act (R 2020-07)
- Health Care Benefit Managers (2020-04)
- Increasing allowable amount for risk reduction goods and services (R 2020-01)
- Life insurance - behavioral change incentives (R 2020-09)
- Medicare Part D (R 2020-12)
- Mitigating inequity in the health insurance market (R 2020-14)
- Network access and notice requirements (R 2019-05)
- Prescription drug utilization management (R 2019-11)
- Prompt Response Requirement (R 2020-11)
- Service-contract providers and protection-product-guarantee providers: Solvency and filings requirements (R 2016-23)
Company Supervision Division
Washington State Office of the Insurance Commissioner
Insurance 5000 Building
P.O. Box 40255
Olympia, WA 98504-0255
360-725-7200