Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.
HB2073 • 2026
Funding health insurance premium assistance.
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
Health carrier surpluses
These notes stay tied to the official amendment files and metadata from the legislature.
2075 • Reeves
Plain English: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2073-S AMH REEV WEIK 098 1 - Official Print By Representative Reeves EFFECT: Requires, rather than authorizes, the Insurance Commissioner to review the carrier's surplus, capital, or profit levels as an element of determining the reasonableness of proposed 2073-S AMH REEV WEIK 098 SHB 2073 - H AMD 2075 NOT CONSIDERED 03/12/2026 On page 2, after line 30, insert the following: "Sec.
2076 • Reeves
Plain English: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2073-S AMH REEV WEIK 099 1 - Official Print By Representative Reeves 2073-S AMH REEV WEIK 099 SHB 2073 - H AMD 2076 NOT CONSIDERED 03/12/2026 On page 2, line 1, after "(b)" strike "The" an insert "Except as provided in (c) of this subsection, the" On page 2, line 3, after "RCW 48.44.037(1)(a)" insert "or (b), whichever is greater," On page 2, after line 4, insert the following: "(c) Any funds that are committed to a nonprofit health carrier's capital investment plan with current commitments, such as through executed contracts for capital investments for health care facilities or services, must be deducted from the amount of surplus that is determined to be excessive under (b) of this subsection and not considered for purposes of subsection (2) of this section." On page 2, line 7, after "excessive" strike ", within" and insert ": (a) Within" On page 2, line 12, after "RCW 43.71.110" insert "; and (b) The nonprofit health carrier must issue rebates totaling 10 percent of the excessive surplus to the nonprofit health carrier's policy holders in the form of a premium credit, check, or reimbursement to the account used to pay the premium for the 2027 plan year.
2169 • Penner
Plain English: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2073-S AMH PENN MORM 025 1 - Official Print By Representative Penner EFFECT: Authorizes the Office of the Insurance Commissioner to contract with a third-party actuarial firm.
2170 • Burnett
Plain English: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2073-S AMH BURN MORM 027 1 - Official Print By Representative Burnett EFFECT: Delays the implementation date until July 1, 2030.
2171 • Valdez
Plain English: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2073-S AMH VALM WEIK 100 1 - Official Print By Representative Valdez EFFECT: Exempts nonprofit health carriers that offer health plans to public and school employees through the Public Employees Benefits Board and the School Employees Benefits Board from the requirement to pay 10 percent of the health carrier's excessive surplus to the Office of the Insurance Commissioner.
2172 • Low
Plain English: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2073-S AMH LOW WEIK 102 1 - Official Print By Representative Low EFFECT: Exempts nonprofit health carriers that offered a health plan in Washington that operated with an underwriting loss in 2025 from the requirement to pay 10 percent of the health carrier's excessive surplus to the Office of the Insurance Commissioner.
Rules Committee relieved of further consideration. Placed on second reading.
Health carrier surpluses
AN ACT Relating to funding for health insurance premium 1 assistance; adding a new section to chapter 48.43 RCW; creating a new 2 section; and providing an effective date. 3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:4 NEW SECTION. Sec. 1. (1) The legislature finds that nonprofit 5 health insurance carriers in the state are required to:6 (a) Be committed to a nonprofit corporate structure;7 (b) Provide individuals, businesses, and other groups with 8 affordable and accessible health insurance; and 9 (c) Recognize a responsibility to contribute to the improvement 10 of the overall health status of the residents of the jurisdictions in 11 which they operate. 12 (2) The legislature further finds that access to health insurance 13 and public services play a critical role in improving the health 14 status of Washington residents. 15 NEW SECTION. Sec. 2. A new section is added to chapter 48.43 16 RCW to read as follows: 17 (1) By July 1, 2026, and annually thereafter, nonprofit health 18 carriers must submit to the commissioner the amount of the carrier's 19 surplus. 20 H-2139.1 HOUSE BILL 2073 State of Washington 69th Legislature 2025 Regular Session By Representatives Parshley, Macri, and Scott Read first time 04/08/25. Referred to Committee on Appropriations. p. 1 HB 2073 (2)(a) By October 1, 2026, and annually thereafter, the 1 commissioner must determine whether a nonprofit health carrier's 2 surplus is excessive. 3 (b) The surplus of a nonprofit health carrier must be determined 4 to be excessive if the surplus is greater than 600 percent of the 5 nonprofit health carrier's RBC requirements, in accordance with the 6 formula set forth in the RBC instructions. 7 (3) Except when a reduction in payment is permitted under 8 subsection (4) of this section, if the commissioner determines the 9 surplus of a nonprofit health carrier to be excessive, within 90 days 10 of the determination the nonprofit health carrier must pay three 11 percent of the excessive surplus to the commissioner's office for 12 deposit into the state health care affordability account created in 13 RCW 43.71.130 to administer a premium assistance program, as 14 established in RCW 43.71.110. 15 (4)(a) Within 30 days of a determination by the commissioner that 16 a nonprofit health carrier's surplus is excessive, a nonprofit health 17 carrier may request a hearing by the commissioner to consider a 18 reduction in the required amount of excessive surplus payment to the 19 fund. 20 (b) The commissioner may only reduce a nonprofit health carrier's 21 payment to the fund if the nonprofit health carrier presents clear 22 and compelling evidence to the commissioner that the required amount 23 of excessive surplus payment would render the nonprofit health 24 carrier financially impaired under the laws of this state or any 25 other state in which the nonprofit health carrier is authorized to do 26 business. 27 (c) The hearing must be conducted in accordance with chapter 28 34.05 RCW. 29 (5) The commissioner may adopt rules to implement this section.30 (6) The definitions in this subsection apply throughout this 31 section unless the context clearly requires otherwise.32 (a) "Excessive surplus" means the amount of a nonprofit health 33 carrier's surplus above 600 percent of the nonprofit health carrier's 34 RBC requirements, as determined in subsection (2) of this section.35 (b) "RBC" means risk-based capital. 36 (c) "RBC instructions" has the same meaning as in RCW 48.43.300.37 (d) "Surplus" means the amount by which a nonprofit health 38 carrier's assets exceed its liabilities. 39 p. 2 HB 2073 NEW SECTION. Sec. 3. This act takes effect January 1, 2026.1 --- END --- p. 3 HB 2073