BILL · 1995–96 SESSION

SB 5430: Insurance co capital/surplus

Regulating the capital and surplus requirements of insurance companies.

Summary

  • A risk-based capital (RBC) program for life, disability, and property and casualty insurance companies is established by statute. The RBC program is based on the NAIC model.

From the Senate Bill Report (SB 5430), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 83, Laws of 1995
  1. IntroducedJan 23, 1995
  2. Out of committee
  3. Passed SenateMar 8, 1995
  4. Passed HouseApr 6, 1995
  5. Governor
  6. LawApr 18, 1995
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 23, 1995 in the Senate
Last action
April 18, 1995
Session law
Chapter 83, Laws of 1995
Requested by
Other
Companion bill
HB 1370
Budget
Has a fiscal note

Sponsors

Prime sponsor: Margarita Prentice (D-11)

1 co-sponsor (0 Democrats, 1 Republican)

Votes

Senate · Final Passage

March 8, 1995
Version voted on: SB 5430
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat22003
Republican24000
How each member voted

House · Final Passage

April 6, 1995
Version voted on: SB 5430
96 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat35001
Republican61000
How each member voted

Yea (96)

Excused (1)

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 5430 in other sessions

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

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