"NEW SECTION.  Sec. 1   The insurance commissioner must conduct a study of the existing statutes and case law regarding remedies and causes of action related to claims practices of insurers. In the study, the insurance commissioner must consult with stakeholders, including representatives of the insurance industry, the Washington state trial attorneys association, and consumer representatives. The study must include a comparison of causes of action and remedies available for first party claimants in Washington and other states. The study must also review the correlation, if any, between increased liability for insurers and impacts on premiums. The insurance commissioner may make policy recommendations in the study. The insurance commissioner must report his or her findings to the senate financial institutions and insurance committee, the senate consumer protection and housing committee, and the house of representatives insurance, financial services and consumer protection committee by December 1, 2007."