Premium change transparency (R 2024-07)

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 purpose of the delay was 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 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 were considered for this rulemaking.