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WA SB5495

Bill

Official Source

Status

Introduced

1/27/2025

Primary Sponsor

Rebecca Saldana

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Reduces the suicide exclusion period in life insurance policies from two years to one year from the date of policy issue
  • Applies the same one-year suicide exclusion reduction to credit life insurance policies, updating the reference date from September 8, 1975 to January 1, 2026
  • Amends RCW 48.23.260 (general life insurance) and RCW 48.34.090 (credit life insurance)
  • Takes effect January 1, 2026 and applies to policies issued or renewed on or after that date

Legislative Description

Adjusting a limitation of liability in life insurance policies.

Last Action

Due to Senate committee reorganization, referred to Business, Trade & Economic Development.

1/12/2026

Committee Referrals

Business, Trade & Economic Development1/12/2026
Business, Financial Services & Trade1/27/2025

Full Bill Text

No bill text available