WA SB5808

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

Surplus is deemed "excessive" if it exceeds 600 percent of the carrier's risk-based capital (RBC) requirements

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

Carriers may request a hearing to reduce the required payment if they can demonstrate it would render them financially impaired

Act takes effect January 1, 2026