This bill amends existing Washington insurance law. It changes RCW 48.23.260 to allow an insurer to limit death-by-suicide liability to occurrences within one year from the policy issue date (revising down from two years) while preserving insurer authority to limit liability for war/service or aviation causes and to limit payouts to at least the policy’s full reserve and dividend additions. It also amends RCW 48.34.090 for credit life and credit accident & health insurance: for policies issued after January 1, 2026, exceptions or reductions in coverage are only permitted for fraud or for suicide within one year of the insurance effective date; it requires delivery of an individual policy or group certificate to the insured debtor when indebtedness is incurred (with specified alternative notice/application steps if not delivered then), requires the insurer to deliver the policy/certificate within 30 days after acceptance, and requires a substituted insurer’s policy showing the premium and a refund if the disclosed premium is overstated. The act adds new sections setting an effective date of January 1, 2026 and applying the changes to policies issued or renewed on or after that date. These are regulatory and procedural changes to existing statutes governing life and credit insurance terms and insurer obligations; they do not create new crimes or change criminal penalties. The text preserves certain existing insurer limitations and primarily changes contract terms and delivery and disclosure procedures for credit insurance. The extracted material does not define which "commissioner" is meant, does not include the text of RCW 48.34.080 (cited for when insurance becomes effective upon acceptance), and does not provide formal definitions for terms such as "credit life insurance," "credit accident and health insurance," or "full reserve." The linkage of Sec. 4 to a particular section’s effective date is stated but could be read as ambiguous without the full bill text.

If enacted, the bill narrows how long life insurers must cover suicide on new or renewed policies so they can refuse suicide claims that occur more than one year after a policy starts (down from two years), and it stops insurers from inserting most exceptions into credit life contracts issued after January 1, 2026 except for fraud or suicide within the first year. People who take out loans with credit life coverage must receive the individual policy or group certificate when the debt is incurred or, after the insurer accepts the risk, within 30 days; if a different insurer ends up covering the risk the borrower must get a policy showing the actual premium and a refund if that premium is lower than first disclosed. The groups most affected are insurers that write life, credit life, and credit accident & health policies, insured debtors, creditors, and named beneficiaries. Insurers will likely face lower long‑term exposure to suicide claims but must add administrative steps to deliver policies, show substituted insurer premiums, and issue refunds, which could change reserve and pricing decisions; insured debtors will get firmer delivery and disclosure rights and may be less able to claim for suicide after the one-year window. The text leaves unclear which "commissioner" handles approvals and it does not include the cited RCW 48.34.080 language, creating some uncertainty about exactly when coverage becomes effective in every case.