Promoting transparency in certain industrial insurance rate increases.

HB 2188 requires Washington's Department of Labor and Industries to publicly disclose details when it limits workers' compensation insurance rate increases below actuarial recommendations. It directly affects employers in specific risk classes (like manufacturing or construction) whose rates are artificially capped, as well as the public and lawmakers. The bill mandates publishing three key details: the limited rate classes, the actuarial rate without limits, and how other classes absorb the cost difference. This aims to clarify hidden cost shifts and rebuild transparency in the state's workers' compensation program, which has used contingency reserves to suppress rate hikes for three years.