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WashingtonHB 18422025-2026 Regular SessionHouse

Allowing public utility districts to form, own, or use captive insurers.

Sponsored By: Mike Steele (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More insurance options for public utility districts

Beginning July 27, 2025, Washington public utility districts can form, own, or use captive insurers to cover their risks. Public colleges and universities also qualify as captive owners. A captive owner can participate by contract without owning the insurance company. The insurer must cover the owner's or its affiliates' risks, and at least one insured must be based in Washington. The insurer must have at least $1 million more in assets than debts and be able to pay debts when due. Audited financial statements prepared by an independent certified accountant must verify its finances. It must also hold a captive insurance license where it is based. The law does not provide a direct household payment or set utility bill savings.

Sponsors & Cosponsors

Sponsor

  • Mike Steele

    Republican • House

Cosponsors

  • Stephanie Barnard

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 144 • No: 0

Senate vote • 4/5/2025

3rd Reading & Final Passage

Yes: 48 • No: 0 • Other: 1

House vote • 3/11/2025

3rd Reading & Final Passage

Yes: 96 • No: 0 • Other: 2

Actions Timeline

  1. Effective date 7/27/2025.

    4/16/2025House

  2. Chapter 53, 2025 Laws.

    4/16/2025House

  3. Governor signed.

    4/16/2025legislature

  4. Delivered to Governor.

    4/11/2025legislature

  5. President signed.

    4/10/2025legislature

  6. Speaker signed.

    4/9/2025legislature

  7. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.

    4/5/2025House

  8. Rules suspended. Placed on Third Reading.

    4/5/2025House

  9. Placed on second reading consent calendar.

    4/2/2025House

  10. Passed to Rules Committee for second reading.

    3/31/2025House

  11. ENET - Majority; do pass.

    3/28/2025House

  12. First reading, referred to Environment, Energy & Technology.

    3/13/2025House

  13. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2.

    3/11/2025House

  14. Rules suspended. Placed on Third Reading.

    3/11/2025House

  15. Rules Committee relieved of further consideration. Placed on second reading.

    2/28/2025House

  16. Referred to Rules 2 Review.

    2/21/2025House

  17. ENVI - Executive action taken by committee.

    2/20/2025House

  18. ENVI - Majority; do pass.

    2/20/2025House

  19. First reading, referred to Environment & Energy.

    2/5/2025House

  20. Introduced

    2/5/2025House

Bill Text

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