BILL · 1995–96 SESSION

HB 2490: Reinsurance of credit risks

Providing for credit for reinsurance of trust fund maintained that meets national association of insurance commissioners standards.

Summary

  • Credit for reinsurance provided by a reinsurer not authorized to do business in Washington also may be taken by an insurance company if the reinsurer maintains a trust fund in the United States to cover liabilities attributable to business in the United States, plus $20 million. The bank in which the trust fund is established must meet the standards of the National Association of Insurance Commissioners.

From the Senate Bill Report (HB 2490), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 297, Laws of 1996
  1. IntroducedJan 11, 1996
  2. Out of committee
  3. Passed HouseFeb 6, 1996
  4. Passed SenateFeb 29, 1996
  5. Governor
  6. LawMar 30, 1996
Prime sponsor
Les Thomas (R-31)
Introduced
January 11, 1996 in the House
Last action
March 30, 1996
Session law
Chapter 297, Laws of 1996
Budget
Has a fiscal note

Sponsors

Prime sponsor: Les Thomas (R-31)

3 co-sponsors (2 Democrats, 1 Republican)

Votes

House · Final Passage

February 6, 1996
Version voted on: HB 2490
95 Yea 2 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat34200
Republican61001
How each member voted

Yea (95)

Nay (2)

Excused (1)

Senate · Final Passage

February 29, 1996
Version voted on: HB 2490
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat25000
Republican23001
How each member voted

House · Final Passage

March 7, 1996
Version voted on: HB 2490
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat36000
Republican62000
How each member voted

Yea (98)

Senate · Final Passage

March 7, 1996
Version voted on: HB 2490
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican23001
How each member voted

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 2490 in other sessions

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

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