WA HB2073

Nonprofit health carriers must annually report their surplus to the Insurance Commissioner starting July 1, 2026

Surplus exceeding 600% of risk-based capital (RBC) requirements is deemed "excessive" by the Commissioner

Carriers with excessive surplus must pay 3% of that excess within 90 days to the state health care affordability account for premium assistance programs

Carriers may request a hearing to reduce the payment if they can demonstrate it would cause financial impairment under state law

Effective date: January 1, 2026