WA HB2188

Requires the Department of Labor and Industries to publish the actuarially indicated premium rate for each workers' compensation risk classification alongside proposed rates for the upcoming year

Mandates disclosure when the director limits maximum premium rate increases below actuarially indicated levels, including which risk classes are limited, what rates would have been without the cap, and how other risk classes subsidize the limitation

Requires the department to publish rate limitation information on its website and submit it to legislative committees and the workers' compensation advisory committee

Addresses concerns that contingency reserves have been used for three consecutive years to cap proposed rates, resulting in an 8.1% reduction from break-even rates and a $240 million reduction in reserves

Amends RCW 51.16.035 governing workers' compensation premium rate-setting and classification