Shown verbatim: the complete text as captured from the official page posted by the Washington Legislature, fetched 2026-08-29. This is the chaptered version. The official bill page.
CERTIFICATION OF ENROLLMENT SENATE BILL 5141 Chapter 27, Laws of 2025 69TH LEGISLATURE 2025 REGULAR SESSION GROUP DISABILITY INCOME INSURERS—RATE MANUAL FILINGS EFFECTIVE DATE: July 27, 2025 Passed by the Senate February 25, 2025 Yeas 49 Nays 0 DENNY HECK President of the Senate Passed by the House March 31, 2025 Yeas 97 Nays 0 LAURIE JINKINS Speaker of the House of Representatives CERTIFICATE I, Sarah Bannister, Secretary of the Senate of the State of Washington, do hereby certify that the attached is SENATE BILL 5141 as passed by the Senate and the House of Representatives on the dates hereon set forth. SARAH BANNISTER Secretary Secretary Approved April 8, 2025 9:29 AM FILED April 8, 2025 BOB FERGUSON Governor of the State of Washington Secretary of State State of Washington SENATE BILL 5141 Passed Legislature - 2025 Regular Session State of Washington 69th Legislature 2025 Regular Session By Senators Cortes, Dhingra, Hasegawa, Liias, Nobles, and Salomon Prefiled 01/07/25. Read first time 01/13/25. Referred to Committee on Business, Financial Services & Trade. AN ACT Relating to requiring that experience-rated group disability income insurers include all applicable rating factors and credibility formulas in rate manual filings with the insurance commissioner; and amending RCW 48.19.010. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON: Sec. 1. RCW 48.19.010 and 2015 c 19 s 4 are each amended to read as follows: (1) Except as is otherwise expressly provided the provisions of this chapter apply to all insurances upon subjects located, resident or to be performed in this state except: (a) Life insurance; (b) Disability insurance; (c) Reinsurance except as to joint reinsurance as provided in RCW 48.19.360; (d) Insurance against loss of or damage to aircraft, their hulls, accessories, and equipment, or against liability, other than workers' compensation and employers' liability, arising out of the ownership, maintenance(([,] )), or use of aircraft; (e) Insurance of vessels or craft, their cargoes, marine builders' risks, marine protection(([,] )), and indemnity; and such other risks commonly insured under marine, as distinguished from inland marine, insurance contracts as may be defined by ruling of the commissioner for the purposes of this provision; (f) Title insurance. (2) Except, that every insurer shall, as to disability insurance, before using file with the commissioner its manual of classification, manual of rules and rates, and any modifications thereof except as provided under RCW 48.43.733 or rate filing requirements established by a specific statute or federal law. In the case of experience-rated group disability income insurance, insurers shall include in such filings their experience rating formulas including all applicable rating factors and credibility formulas as part of the rate manual. Such filings must be detailed enough to confirm that a group is fully or partially credible and to allow the commissioner to replicate the premium rates for the experience-rated group if given the experience and demographics of the group. Passed by the Senate February 25, 2025. Passed by the House March 31, 2025. Approved by the Governor April 8, 2025. Filed in Office of Secretary of State April 8, 2025.
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