Promoting transparency in certain industrial insurance rate increases.

Summary

The bill forces the Department of Labor and Industries to publish the actuarially based premium rates for each workers’ compensation risk class and to explain any director‑imposed caps on rate increases. It also directs the advisory committee to review state auditor reports and advise on reserve levels and how surplus funds are used. The goal is to give employers and the public clearer insight into how rates are set and how limits affect other classes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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