Amends RCW 48.43.005 relating to specified disease, hospital confinement, or other fixed payment insurance.

Directs the commissioner to adopt rules setting forth the content of a standard disclosure form to be provided to all applicants for individual, illness-triggered fixed payment insurance, hospital confinement fixed payment insurance, or other fixed payment insurance.

Declares that illness-triggered fixed payment insurance, hospital confinement fixed payment insurance, or other fixed payment insurance policies are not considered to provide coverage for hospital or medical expenses under chapters 48.20 and 48.21 RCW, if the benefits provided are a fixed dollar amount that is paid regardless of the amount charged.