Washington state Insurance Commissioner Mike Kreidler is seeking the authority to consider an insurer's surplus when reviewing rate hikes.
Kreidler has started lobbying for Washington state Senate Bill 5247, a bill that would let him factor surplus levels into nonprofit plan rate reviews.
Kreidler also is lobbying for Washington state House Bill (HB) 1301. That bill would give him the authority to consider a health carrier's surplus and investment income when reviewing a rate request.
Still another bill under review, HB 1220, would make health insurance rate filings public. Today, Washington state keeps most rate request filing information confidential.
- Allison Bell
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