Substitute House Bill 1505 (69th Legislature, 2025) makes numerous technical corrections, timeline adjustments, procedural changes, and targeted policy amendments to statutes administered by the Office of the Insurance Commissioner. The bill amends many existing RCWs, creates new statutory requirements in several sections, and repeals specified statutes; it does not, in the extracted text, impose new criminal penalties. Several provisions are procedural (reporting, confidentiality, registration, and rulemaking), others alter rate-making and coverage requirements. Among the substantive changes in the extracted text: RCW 42.56.400 is amended to expand exemptions from public disclosure for many categories of insurance and financial-institution information. RCW 48.14.070 is amended to require the commissioner to refund amounts paid in error or excess on written request, with deadlines of six years for tax refunds and 13 months for other fees or charges. Auto insurance provisions are modified: RCW 48.19.460 requires personal auto rate filings to provide a premium reduction for insureds age 55 and older for two years after completing an approved motor vehicle accident prevention course (minimum eight hours, with alternative delivery allowed); RCW 48.19.501 limits required rate-making consideration to anticipated loss changes from policies that insure more vehicles than drivers in the household and requires supporting exhibits. RCW 48.19.540 requires insurers to consider fire alarms and smoke detectors in dwelling-unit insurance rates and to include exhibits and credits/discounts when a separate rate factor is used, with certain exceptions; the reporting requirement in subsection (2) is incomplete in the provided text. Other insurance changes include market conduct focus and rulemaking (RCW 48.37.050), certificate of exemption rules and minimum net assets ($500,000) for charitable gift annuity issuers (RCW 48.38.010 and .012), nondiscrimination and specific coverage and reporting duties related to gender-affirming treatment for certain health plans (RCW 48.43.0128), mandated coverage for hearing instruments and related services with specified benefit minimums and timing (RCW 48.43.135), annual dental-only plan data reporting to the commissioner with public posting (RCW 48.43.743), funding of the commissioner's fraud program from the fraud account (RCW 48.135.030), making certain medical malpractice closed claim reports confidential and requiring an annual medical malpractice report with specified content and posting deadlines (RCW 48.140.040 and .050), confidentiality and annual submission requirements for direct practices (RCW 48.150.100), and registration, filing and fee requirements for guaranteed asset protection (GAP) waiver obligors including a $250 application fee deposited to the general fund and ongoing reporting obligations (RCW 48.160.020 and related sections). The bill also repeals seven specified RCW sections and sets an effective date for Section 7 of the act as January 1, 2026. The extracted text is incomplete in several places. A reporting requirement in RCW 48.19.540(2) is cut off, several referenced RCW amendments or repeals are listed but their full amended text is not provided, and some sections (including parts of RCW 48.160.020 and portions of RCW 48.43.0128) end mid-sentence. Because those portions are missing, the full scope and precise wording of those provisions cannot be verified from the provided facts.

If enacted, the bill shifts responsibilities and costs onto insurers, health carriers, certain nonprofit issuers of charitable gift annuities, and entities that market guaranteed asset protection (GAP) waivers, while giving the insurance commissioner new reporting, confidentiality, and administrative duties. Insurers must modify rate filings to show and in some cases provide discounts — for example, auto insurers must offer a two‑year premium reduction for drivers 55+ who complete an approved accident prevention course (including online delivery), and dwelling insurers must consider and document credits for fire alarms and smoke detectors. Health carriers will need to add coverage for hearing instruments on the timelines in the bill and meet new nondiscrimination and reporting requirements for gender‑affirming care; dental‑only carriers must submit Washington‑specific data annually. Charitable organizations must meet a $500,000 net assets threshold, file annual reports with an actuary’s statement and pay modest fees to keep issuing gift annuities, and GAP waiver sellers must register with a $250 fee and keep filings current. Practically, this means insurers and carriers should expect added compliance work, potential increases in benefit or discount costs, and more detailed exhibits in rate filings; course providers and educations/charitable institutions may see new market or filing barriers (or new options like online course approval). The commissioner will publish more aggregated reports (for example on medical malpractice and dental plans) while tightening confidentiality for individual closed claims and using the fraud account for program costs, which could affect budget and transparency balances. Some implementation details are incomplete in the extracted text (for example part of the dwelling‑insurance reporting requirement and the content of Section 7), so exact timing and certain reporting scopes are uncertain until the missing provisions are available.