WA People
BILL · 1993–94 SESSION · LATEST VERSION SHB 1839

HB 1839: Domestic insurers' investmnt

Investing by domestic insurers.

Summary

  • Domestic insurer investment in medium and lower grade obligations (e.g., bonds), as rated by the National Association of Insurance Commissioners' securities valuation office, may not exceed 20 percent of the insurer's assets. Of this 20 percent limit, no more than 10 percent may be invested in lower grade obligations.

From the Substitute Senate Bill Report (SHB 1839), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 92, Laws of 1993
  1. IntroducedFeb 10, 1993
  2. Out of committee
  3. Passed HouseMar 10, 1993
  4. Passed SenateApr 5, 1993
  5. Governor
  6. LawApr 21, 1993
Prime sponsor
Robin Johnson (D-40)
Introduced
February 10, 1993 in the House
Last action
April 21, 1993
Session law
Chapter 92, Laws of 1993
Requested by
Other
Versions
HB 1839, SHB 1839

Sponsors

Prime sponsor: Robin Johnson (D-40)

4 co-sponsors (3 Democrats, 1 Republican)

Todd Mielke R-6Ron Meyers D-26Evan Jones D-24Arthur Wang D-27

Votes

House · Final Passage

March 10, 1993
Version voted on: SHB 1839
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat63000
Republican35000
How each member voted

Yea (98)

Permalink to this vote

Senate · Final Passage

April 5, 1993
Version voted on: SHB 1839
40 Yea 0 Nay 0 Absent 9 Excused
PartyYeaNayAbsentExcused
Democrat26002
Republican14007
How each member voted
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.

HB 1839 in other sessions

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

Report wrong or missing information on this page