WA People
BILL · 1991–92 SESSION

SB 5923: Property insur loss adjustmt

Establishing the basis for property insurance loss adjustment.

Summary

  • The term "actual cash value" means the cost of replacement less such depreciation that is properly applicable unless the term is otherwise defined in the property insurance contract. For purposes of the actual cash value definition, the cost of replacement is the amount necessary to duplicate the insured item as it existed at the time of loss with like kind and quality using new materials.

From the Senate Bill Report (SB 5923), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedMar 5, 1991
  2. Out of committee
  3. Passed SenateFeb 11, 1992
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Brad Owen (D-35)
Introduced
March 5, 1991 in the Senate
Last action
March 12, 1992

Sponsors

Prime sponsor: Brad Owen (D-35)

1 co-sponsor (1 Democrat, 0 Republicans)

Sid Snyder D-19

Votes

Senate · Final Passage

February 11, 1992
Version voted on: SB 5923
46 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat24000
Republican22002
How each member voted

Yea (46)

Excused (2)

Permalink to this vote

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5923 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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