Promoting transparency in certain industrial insurance rate increases.

This bill requires the Department of Labor and Industries to provide more transparency when setting industrial insurance rates. If the department limits a premium rate increase for a specific job classification below what actuarial principles suggest, they must publicly report the affected classifications, the proposed rates, what the rates would have been without the limit, and how other job classifications will be affected. This change aims to ensure the public and legislature are fully informed about how workers' compensation rates are determined.

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