Enabling opportunities for risk pooling by small businesses for property and liability risks.

HB 1714 allows small businesses with 20 or fewer employees to form joint self-insurance programs for property damage and liability claims, pooling resources to cover risks traditionally managed through commercial insurance. It requires state approval for all such programs, mandates reporting to the state risk manager, and designates the state risk manager as the legal representative for all lawsuits against the program. Participants must establish reserve funds and comply with specific operational standards, while excluding businesses already self-insuring or part of other regulated risk pools. This bill creates a new regulatory framework for small business risk pooling under Washington state law.