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ReSource Pro Compliance | Insurance Licensing Services

ReSource Pro Compliance | Insurance Licensing Services

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Home » Press Releases » Washington Announces New Premium Change Transparency Rule Starts June 1

Washington Announces New Premium Change Transparency Rule Starts June 1

WA | As of June 1, 2024, insurance companies will have to let their policyholders know why their premiums have gone up. 

Washington state Insurance Commissioner Mike Kreidler’s new rule requires insurers to provide an answer on why premiums have gone up — and in 2027, they’ll have to provide that information automatically when a policy renews. 

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