On Mar. 6, WAS LEG passed bill re confidentiality of insurance data.
WAS LEG passed Bill SB 5806 regarding the confidentiality of insurance company data.
Amended WAS INS 48.02.065 on document confidentiality and public disclosure.
Insurance Company Data
Materials, data given to WAS INS exempt from Public records act (WAS LEG 42.56).
Items re emergency management, hazard mitigation, national flood insurance program
Also data requested by WAS INS from property and casualty entities to understand and study insurance market conditions outside of context of market conduct action.
WAS INS may use data received from entities for reports, analysis, if in aggregate form without identifying individual companies and are available for public inspection.
Additionally, State agencies may receive confidential and privileged documents, materials, and other information from WAS INS if its confidentiality is maintained.
Legislative History
On Jan. 8, 2024, bill introduced in Senate; on Feb. 2, 2024, bill was passed in Senate.
On Feb. 6, 2024, bill delivered to House; on Feb. 28, 2024, bill was passed in House.
On Mar. 6, 2024, bill was sent to governor for action; pending signature or veto.
Effectiveness
Bill is effective 90 days after adjournment of bill session, i.e., Jun. 6, 2024.
Mar. 15, 2024 WAS LEG Governor Approval
On Mar. 15, 2024, WAS LEG reported governor signed bill into law, assigned Ch. 123.
Document dated Mar. 15, 2024, was added on Mar. 25, 2024 due to editorial backfill.
Regulators
WAS LEG
Entity Types
Ins
Reference
Ch. 123, 3/15/2024; Bill SB5806, 3/6/2024; Citation: WAS INS 48.02.065; WAS LEG 42.56;
Functions
Compliance; Legal; Operations; Privacy; Record Retention; Reporting
