This bill creates a new Strengthen Washington Homes Program and account to fund wildfire risk mitigation grants for “insurable dwellings” that meet specified “wildfire prepared” standards published by the Insurance Institute for Business & Home Safety (or a successor). The Office of the Insurance Commissioner (OIC) is authorized to implement and administer the program to the extent funds are available, to accept public and private donations, run localized pilot projects, adopt implementing rules, and require that grant recipients secure all required permits/inspections and obtain a wildfire prepared designation (or equivalent). The act adds a provision to chapter 48.30 RCW prohibiting an insurer from using wildfire risk as a disqualifying eligibility factor for property insurance when the property has a current wildfire prepared home or neighborhood designation; other nonwildfire factors may still be used. The bill also amends RCW 48.02.190 and related surcharge provisions to allocate regulatory and insurance fraud surcharges among classes of “organizations,” sets caps and minimums (regulatory surcharge not to exceed one‑eighth of one percent of receipts with a $1,000 minimum; insurance fraud surcharge not to exceed 0.01% of receipts with a $100 minimum), and requires the commissioner to calculate and bill surcharges annually by July 1 with payment due by July 15 and penalties for nonpayment. Surcharge receipts are deposited into newly identified regulatory and fraud accounts, unexpended balances may be carried forward and may be used to fund the Strengthen Washington Homes Program Account until December 31, 2029, and insurers may recoup surcharges from policyholders through a separately stated uniform surcharge or by rate adjustments under specified conditions. The bill reenacts and amends RCW 43.84.092 to establish a treasury income account for earnings on invested surplus balances in the state treasury and directs monthly distribution of those earnings to the general fund and a long list of specified accounts and funds, including the new Strengthen Washington Homes Program Account; it also authorizes use of the treasury income account for CMIA obligations and purchased banking services. The OIC must report pilot project results by November 1, 2029, per RCW 43.01.036 with specified reporting elements. Important provisions are incomplete or not shown in the extracted text: portions of the RCW 48.02.190 amendments are cut off, the reenacted/amended text of RCW 43.84.092 is not fully visible, specific grant amounts, prioritization criteria, and final effective or expiration dates and some cross‑references are missing, and there is a potential wording inconsistency between “wildfire prepared neighborhood(s)” and “wildfire prepared neighbors.”

If enacted, the bill creates a grant program called Strengthen Washington Homes to help owners, tribes, nonprofits, contractors, and government entities pay for wildfire risk reduction on qualifying homes, but grants will only be available if the Legislature or donors put money into a new program account and recipients secure required permits and an Insurance Institute for Business & Home Safety "wildfire prepared" designation (or equivalent). The insurance commissioner will run pilots, accept outside funding, adopt rules, and must report pilot results by November 1, 2029; the program account must be appropriated before funds can be spent and the statewide treasury framework will allocate monthly investment earnings (including to the new account) under existing cash‑management rules. The Office of the Insurance Commissioner will take on new administrative duties and costs, insurers and related organizations face clarified annual surcharges with set caps and minimums (an insurance fraud surcharge capped at 0.01% of receipts with a $100 minimum and a regulatory surcharge capped at 0.125% with a $1,000 minimum), and insurers can bill those surcharges to policyholders as a separately stated surcharge rather than premium. Insurers are also barred from using wildfire risk as a reason to deny property insurance when a qualifying wildfire‑prepared designation exists, which may widen insurance access for homeowners who complete the standards. Important details are missing here—such as specific grant amounts, full eligibility and prioritization rules, and certain effective or expiration dates—so the timing, scale of available grants, and some administrative mechanics remain uncertain.