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WA SB6136
Bill
Status
3/10/2026
Primary Sponsor
Curtis King
Click for details
AI Summary
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Requires the Department of Labor and Industries to publish the actuarially indicated premium rate for each workers' compensation risk classification alongside proposed rates
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Mandates disclosure when the director limits maximum premium rate increases below actuarially indicated levels, including which risk classes are limited, what the actuarial rate would have been, and how costs are shifted to other risk classes
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Requires publication of rate limitation information on the department's website and submission to legislative committees and the workers' compensation advisory committee
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Addresses concerns that contingency reserves have been used for three consecutive years to cap premium rates, resulting in an 8.1% reduction from break-even rates and a $240,000,000 reduction in contingency reserves
Legislative Description
Promoting transparency in certain industrial insurance rate increases.
Last Action
Delivered to Governor.
3/10/2026