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

House Bill 1842 allows public utility districts in Washington to form, own, or use "captive insurers." This bill amends state law to explicitly include these districts as eligible "captive owners" within the existing framework for local government self-insurance. By doing so, public utility districts gain the option to manage their own insurance risks through their own insurance companies. This provides an alternative approach to risk management beyond traditional insurance markets for these entities.