Insurers and other Office of the Insurance Commissioner (OIC) regulated companies should be aware of several new requirements that affect companies for calendar years 2023 and 2024.
Detailed information about these recently adopted rules are available on the insurance commissioner’s website:
Effective during calendar year 2021 and expired:
- Emergency Rule: Temporarily prohibiting the use of credit history (R 2021-02)
- Emergency Rule: Temporarily prohibiting the use of credit history (R 2021-19)
Effective for calendar year 2021:
- Administrative hearings (R 2021-09)
- Captive insurance (R 2021-12)
- Implementation credits: Specifying health carriers as a permissible entity in WAC 284-30-595 (R 2021-01)
- Student health plans (R 2021-13)
- Telemedicine and audio-only telemedicine services (R 2021-06)
- Washington State Health Insurance Pool (WSHIP) (R 2021-18)
- Technical amendment to WAC 284-43-8130 (R 2021-21)
Effective for calendar year 2022:
- Actuarial designations (R 2021-11)
- Adjuster continuing education requirements (R 2021-03)
- Audited financial statements (R 2021-22)
- Consolidated health care rulemaking (E2SHB 1477) (R2021-16)
- FAIR Plan committee members (R 2021-15)
- Health care sharing ministries (R2021-17)
- Health insurance discrimination and gender affirming treatment (R 2021-14)
- Out-of-state title records storage (R 2021-20)
- Prohibiting depreciation of labor on property claims (R 2021-04)
- Reinsurance agreements (R 2021-05)
- Title agent county declarations (R 2021-10)
Effective during calendar year 2023:
- Implementation of E2SHB 1688 (R 2022-02)
- Removing language concerning prohibition use of credit history (R 2022-08)
- Risk mitigation goods and service in property insurance (R 2023-03)
Effective during calendar year 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