This bill amends RCW 28B.10.660 and authorizes governing boards of state institutions of higher education to make available various types of insurance for regents/trustees and students, including liability, life, health, health care, accident, disability, and salary protection, either individually or in combination. Premiums are generally required to be paid by the assenting regents, trustees, or students, except where the statute separately provides otherwise. The amendment specifically allows regents or trustees to make liability insurance available for institution employees with premiums borne by the university or college; allows governing boards of public four-year institutions to make available and to pay the costs of health benefits for graduate students holding institution-designated graduate service appointments (coverage may extend to spouses and dependents); permits governing boards to require students participating in institution-sponsored, arranged, or approved study or research abroad to carry board-approved insurance covering emergency evacuation, repatriation of remains, injury, illness, or death (the board may pay all or part of the cost and students already covered by qualifying policies are exempt); and allows boards to make available and pay costs of insurance for intercollegiate student athletes and certain former athletes entitled to a period of posteligibility health care under their institution’s athletic association rules. The changes are permissive (use of "may") and modify existing law rather than creating a new criminal offense or changing penalties. The text describes designation authority (institutions designate graduate service appointments and athletes) and ties some entitlements to athletic association rules. The document does not include an effective date, detailed procedures for designation or approval of insurance, a definition of "assenting regents," or precise limits on how much of insurance costs the governing board may pay.

If enacted, state college and university governing boards would have broader discretion to offer and require various insurance products for trustees, students, and employees. Most costs would still fall to regents, trustees, or students who opt in, but public four‑year institutions could choose to pay health benefits for graduate students with service appointments (and their spouses/dependents), must pay for employee liability insurance when offered to staff, can require study‑abroad students to have evacuation/repatriation/medical coverage (and may pay some or all of those premiums), and can provide and pay for insurance for current and certain former intercollegiate athletes. The groups most affected are students (especially those who study abroad and graduate service appointees), university governing boards and athletic programs, and employees. Students may see new required costs for study abroad unless the institution covers them, or a graduate student may receive employer‑paid health coverage reducing their personal expense. Universities take on potential new budgetary obligations and risk if they choose to pay premiums for grad students, athletes, or employee liability insurance. Key implementation details are unclear from the text: how institutions will designate eligible students or athletes, what counts as “approved” insurance, whether institutions will pay full or partial premiums, and there is no effective date provided.