BILL · 1997–98 SESSION · LATEST VERSION SHB 1693

HB 1693: Reinsured ceded risks credit

Allowing credit for reinsured ceded risks.

Summary

  • Reinsurance contracts entered into by Washington insurance companies must provide that in the event the insurance company becomes insolvent, the portion of the risk assumed by the reinsurer is payable to the conservator, liquidator, or successor. Payment under a reinsurance contract must be made within a reasonable time.

From the Substitute Senate Bill Report (SHB 1693), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 379, Laws of 1997
  1. IntroducedFeb 5, 1997
  2. Out of committee
  3. Passed HouseMar 5, 1997
  4. Passed SenateApr 11, 1997
  5. Governor
  6. LawMay 15, 1997
Prime sponsor
Les Thomas (R-31)
Introduced
February 5, 1997 in the House
Last action
May 15, 1997
Session law
Chapter 379, Laws of 1997
Budget
Has a fiscal note
Versions
HB 1693, SHB 1693

Sponsors

Prime sponsor: Les Thomas (R-31)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

House · Final Passage

March 5, 1997
Version voted on: SHB 1693
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat41001
Republican56000
How each member voted

Yea (97)

Excused (1)

Senate · Final Passage

April 11, 1997
Version voted on: SHB 1693
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat22001
Republican24002
How each member voted

House · Final Passage

April 19, 1997
Version voted on: SHB 1693
92 Yea 0 Nay 0 Absent 6 Excused
PartyYeaNayAbsentExcused
Democrat40002
Republican52004
How each member voted

Yea (92)

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 1693 in other sessions

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

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