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Committee advances substitute to create travel-insurance framework called 'Washington Bridal Insurance Act'
Summary
Proposed substitute to House Bill 2,087, described as enacting the 'Washington Bridal Insurance Act' for travel-insurance regulation and licensing, was reported out with a due-pass recommendation by a 12–3 vote; sponsor and committee said it expands consumer options and addresses technical conflicts with existing insurance code.
The Consumer Protection and Business Committee reported proposed substitute House Bill 2,087 out of committee with a due-pass recommendation after discussion and a roll-call vote of 12–3.
Committee staff explained the substitute would enact the Washington Bridal Insurance Act and regulate the offer and dissemination of travel insurance by licensing limited-lines travel insurance producers, registering travel retailers, addressing premium taxes and unfair trade practices, and clarifying the insurance code’s relationship to travel-insurance provisions. The substitute also revises an attorney-exclusion to narrow an exemption for attorneys whose incidental activity adjusting insurance losses does not include collecting charges or premiums.
Representative Ryu, sponsor of the substitute, said she expects more product options for travelers and thanked the Office of the Insurance Commissioner for timely responses to issues. Representative McClintock and other members said stakeholders were involved in drafting the substitute and urged a yes vote.
The committee completed a roll-call vote, and staff announced 12 ayes, 3 nays, 0 excused; substitute HB 2,087 was reported out of committee with a due-pass recommendation.
