WA People
BILL · 1993–94 SESSION · LATEST VERSION SHB 2571

HB 2571: Insurer capital and surplus

Requiring certain capital and surplus for insurers.

Summary

  • The grandfather clause which provides an exception to the minimum unimpaired capital or unimpaired basic surplus requirements for insurers licensed before July 1, 1991 is eliminated. In addition to the capital or surplus requirements, an insurer must always maintain unimpaired additional surplus.

From the Substitute Senate Bill Report (SHB 2571), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 171, Laws of 1994
  1. IntroducedJan 17, 1994
  2. Out of committee
  3. Passed HouseFeb 14, 1994
  4. Passed SenateMar 4, 1994
  5. Governor
  6. LawMar 30, 1994
Prime sponsor
Paul Zellinsky (D-23)
Introduced
January 17, 1994 in the House
Last action
March 30, 1994
Session law
Chapter 171, Laws of 1994
Requested by
Other
Versions
HB 2571, SHB 2571

Sponsors

Prime sponsor: Paul Zellinsky (D-23)

3 co-sponsors (2 Democrats, 1 Republican)

Karen Schmidt R-23Ron Meyers D-26Randolph Dorn D-2

Votes

House · Final Passage

February 14, 1994
Version voted on: SHB 2571
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat61002
Republican35000
How each member voted

Yea (96)

Excused (2)

Permalink to this vote

Senate · Final Passage

March 4, 1994
Version voted on: SHB 2571
44 Yea 1 Nay 1 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat27001
Republican17112
How each member voted

Nay (1)

Absent (1)

Excused (3)

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 2571 in other sessions

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

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